All articles tagged with #property slump
China's Q3 GDP growth is expected to slow to 4.8%, the lowest in a year, due to a property market downturn and trade tensions, prompting discussions of potential stimulus measures amid signs of economic deceleration and ongoing structural reforms.
Despite a property slump leading to the slowest quarterly growth in five quarters, China's technology-driven sectors like EVs, solar, and tech are showing strength, aligning with Xi Jinping's goal for high-quality growth.
Home buyers in China's Shaanxi province are living in unfinished apartments, facing dire living conditions without basic amenities such as water, heating, or electricity. These "rotting" homes have become more common during a property slump that has bankrupted developers and left others heavily indebted. Despite protests and promises from authorities, little progress has been made in resolving the issue. The situation has left many families devastated, with their life savings spent on unfinished properties and dreams of a stable home shattered.