I hate how it's framed as a bad thing. Intentional or not, real estate prices falling is a good thing.
This I believe is an intended effect of Chinese government's shift away from depending on housing investment as primary factor in driving growth - to bring home affordability back as home ownership has become a deterrent to marriages and child-rearing, both in severe decline and the biggest long term strategic threat to China.
oh nooooo the property sector
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https://www.reuters.com/world/china/china-new-home-prices-fall-fastest-pace-over-9-years-august-2024-09-14/
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