The Wall Street JournalThe Wall Street Journal

The Bursting Chinese Housing Bubble Compounds Beijing’s Economic Woes

By Rebecca Feng and Cao Li

11 Aug 2022 · 7 min read

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 informed

China’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.

The news, curated.

Subscribe in our mobile app to continue reading this The Wall Street Journal article

Already subscribed? Sign in

Get world-class journalism from premium publishers, curated by editors and experts. All in one app.

Subscribe now and get 14 days free.