China's Property Crisis: Secrets, Slumps, and Silver Linings

China's real estate market has experienced a severe crash following years of rapid growth, with home prices dropping significantly and causing widespread economic repercussions, including a slowdown in construction and household wealth loss. The government is deliberately withholding data to mask the extent of the decline and is avoiding broad stimulus measures, leading to a potential prolonged downturn that could last a decade or more, impacting both the economy and ordinary homeowners.