The Wall Street JournalThe Bursting Chinese Housing Bubble Compounds Beijing’s Economic Woes
China's rapidly deflating housing bubble is already having a huge impact on the economy. This article explains how China has ended up in this position and discusses what the future may bring.
Curated by informedChina’s deflating property bubble is imperiling the world’s second-largest economy with effects that could ripple for years.
Home prices are dropping in many cities after a long period of increases, data from Chinese real-estate developers and official statistics show. Sales of apartments nationwide by the country’s largest developers have slumped annually for 13 consecutive months, according to industry-data provider China Real Estate Information Corp.
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