Skip to content

China’s Home Market Slump Persists on All Fronts, Hurting Growth

The Health Valley development on the outskirts of Nanjing, China.
The Health Valley development on the outskirts of Nanjing, China.Photographer: Qilai Shen/Bloomberg

China’s property market slump persisted in December, contributing to an economic slowdown that spurred policy makers to cut a key interest rate. 

The downturn spanned developers’ sales, investments, land purchasing and financing activities, according to Bloomberg calculations based on full-year government figures released Monday.