Articles for tag: Chinas, Crisis, Deepens, Economic, Estate, Housing, Plummet, Real, Sales, Struggles

China’s Housing Crisis Deepens: Real Estate Sales Plummet Amid Economic Struggles

China’s real estate Market is facing a severe downturn, with new-home sales plummeting by 26.8% in August compared to last year, reaching 251 billion yuan ($35.4 billion). This decline is more significant than the previous month’s drop and reflects the fading effects of a recent rescue package. In response, at least 10 cities have adjusted ...