Reported 2 days ago
In January, China's new home prices showed no change from the previous month, indicating ongoing difficulties in the struggling property sector despite government support efforts. Year-on-year, prices fell by 5.0%, a slight improvement from the previous month's 5.3% decline. The property market has been under pressure since 2021 due to a crackdown on excessive borrowing by developers, leading to a drop in home sales and declining consumer confidence.
Source: YAHOO