China’s New Home Prices Fall at Fastest Pace Since 2015

Quick Summary:

The property sector, which at its peak accounted for a quarter of GDP, remains a major drag on the $18 trillion economy.

The post China’s New Home Prices Fall at Fastest Pace Since 2015 appeared first on Asia Financial.

The news increases pressure on policymakers for more stimulus to prop up the battered sector as it struggles to find a bottom.

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Article Details

Author / Journalist: Jim Pollard

Category: InvestingBusiness

Markets: Hong KongAustraliaChinaThailand

Topics: World Asia ESG Market Insights Real Estate

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-15 @ 08:38:26 (1 days ago)

News Timezone: GMT +8:00

News Source URL: asiafinancial.com

Language: English

Article Length: 535 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Asia Financial

News ID: 21624752

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About Asia Financial

Main Topics: InvestingBusiness

Official Website: asiafinancial.com

Update Frequency: 5 posts per day

Year Established: 1990

Headquarters: Hong Kong

News Last Updated: 13 hours ago

Coverage Areas: Hong Kong

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Publication Timezone: GMT +8:00

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Publisher ID: #86

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