Millions of Chinese Homeowners Face Negative Equity as Property Values Plummet

The image shows an unfinished villa complex in the suburbs of Shenyang, Liaoning Province, China, on March 31, 2023. Jade Gao/AFP

During a recent episode of NTD’s “Pinnacle View,” experts dissected the alarming economic conditions in China, focusing on the collapse of the real estate sector.

Initial hopes for a swift post-COVID-19-pandemic recovery have led to a deepening economic downturn, especially pronounced in major cities such as Guangzhou, Shenzhen, Shanghai, and Beijing, over the past few months.