China’s bursting housing bubble is doing more damage than official data suggest

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China’s bursting housing bubble is doing more damage than official data suggest

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29-10-2023, 12:10 AM

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China’s bursting housing bubble is doing more damage than official data suggest

An honorable member of the Coffee Shop Has Just Posted the Following:

China’s bursting housing bubble is doing more damage than official data suggest

China's real estate crash is threatening to drag down the economy.
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Judging by China’s official statistics, the nation’s housing market has been remarkably resilient in the face of tepid economic growth and record defaults by developers.

New-home prices have slipped just 2.4%...

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