BEIJING - China's new home prices fell at the fastest pace in more than nine years in August, official data showed on Saturday, as supportive measures failed to spur a meaningful recovery in the property sector.
  • 🏳️‍⚧️ 新星 [she/they]English
    27·
    3 days ago

    supportive measures failed to spur a meaningful recovery in the property sector

    I think the supportive measures did exactly what they were supposed to. First places of residence should be extremely easy to attain. “Housing as an investment property” though should be difficult or impossible.

  • comrade-bear
    13·
    3 days ago

    But that will mess the economy!! CHINA WILL COLLAPSE THIS WEEK !!!

  • cfgaussian
    22·
    4 days ago

    You see, China is not so different from us, same thing is happening here…oh wait, no, prices are rising here at a record fast pace, not falling. Sorry my bad, got confused there for a moment and forgot i live in a dystopia where i’ll never be able to afford a home.