China’s economic recovery depends on a lasting rebound in the real estate sector, which remains fragile as cautious households and a shrinking population curtail demand.
China's housing market slump has intensified in recent weeks as sales plunge and more developers default on their debt. Now the downturn has reached another milestone: home prices have begun falling for the first time in six years.
China’s home prices fell for the first time in six years in September, the latest sign that a deepening property slump is slowing the world’s second-largest economy.