These Charts Show How China’s Property Slump Hasn’t Hit Rock Bottom
- New and existing home sales fell across all city tiers
- Property investments was worst on record outside of Covid
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Has China’s property market hit bottom? Not quite yet, according to May data, and to the National Bureau of Statistics, which said easing measures will need more time to take effect.
New home prices fell for the 12th month, and the month-over-month measure was the worst in almost a decade.