China's Housing Market Crisis Deepens Amid Falling Prices and Investment

Once a reliable path to wealth, China's real estate market is now causing financial distress for many, particularly the middle class, due to a prolonged slump. With 70% of family assets tied to property, declining house prices are eroding wealth and consumer confidence, further slowing the economy. Despite piecemeal government measures, the property sector remains in crisis, with many apartments unsold or unfinished, and public sentiment shifting towards concerns over inequality and systemic issues.