Transitioning toward stable growth, quality--China Economic Net en.ce.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.ce.cn Daily Mail and Mail on Sunday newspapers.
After a period of adjustment, China's debt-ridden real estate sector, which is still considered a key pillar of the world's second-largest economy, is seeing signs of stabilization. Such signs are particularly visible in first- and second-tier cities. Industry experts suggested the residential market may recover in the second half of the year on the back of sustained growth.
While Shanghai faces one of its greatest challenges in modern times as a result of the COVID-19 outbreak, a new expression has emerged in relation to buying a homeļ¼"food and grocery district housing".