China’s property market has failed to show signs of recovery five years after a government crackdown aimed at curbing excessive debt in the real estate sector. Since August 2021, home prices have been steadily declining, with new units experiencing a recent acceleration in decline. The latest data also reveals a sharp contraction in property investment year-to-date, the worst since the initial COVID-19 shock in 2020. Furthermore, China Evergrande, once the country’s largest developer, is now set to be delisted from its exchange, a significant milestone that highlights the fragile state of the sector.
Source: https://www.bloomberg.com/news/newsletters/2025-08-16/china-s-latest-data-sound-alarm-for-xi-on-consumer-fragility