Tsinghua University’s expert on Chinese economics, Han Xiuyun, recently said in an interview that in February this year, Chinese housing prices fell by 23% compared to ten months ago. This basically meant the evaporation of an amount equivalent to the down payment for buying a property. This rapid downward trend has already affected the confidence of many homebuyers, and those who are considering buying properties are even more reluctant to act. The property market has become a high-risk investment.
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No Buyers for Houses! Cement Prices Collapse, Factories Close 200 Days/Year, 200K Jobless in 5 Years
