China’s financial authorities are hailing a rebound in the housing market after data from February showed an uptick in sales and bottoming out of months of declining prices. With the property sector estimated to account for more than 20% of China’s GDP, it is no surprise that any sign of a rebound in demand is equated to recovery in the country’s broader economy.
In Depth: China’s Patchy Property Revival
2023年03月24日 20:11
China’s financial authorities are hailing a rise in home sales and bottoming out of prices, but the positive data is focused in first and mid-tier cities. It’s likely too early to call a rebound, analysts say
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- Chongqing citizens learned about housing information at the housing fair on March 23. Photo: VCG
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