Economics
Chinese Home Sales Point to Tentative Recovery After Collapse
- Daily sales dropped 99.7% from day of outbreak to February low
- Signs of activity bouncing back in China’s 30 largest markets
Residential houses in Tianjin, China.
Photographer: Zhang Peng/LightRocket via Getty Images
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Home sales in China are starting to recover as the country lifts some restrictions imposed to battle the novel coronavirus outbreak, providing the first glimpse of how property markets may respond to the crisis.