Chinese Real Estate Prices Plummet, Increasing Pressure on the Economy.
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Newtalk News: For the past two decades, the operating model of local government finance in China has been: rapid economic growth generates tax revenue, rising real estate prices drive up land prices, local governments sell land to obtain huge revenues, and then use land and financing platforms to borrow money to invest in infrastructure, further boosting investment and GDP. However, since the outbreak of the real estate crisis, this model is rap…
The Chinese real estate market showed negative results again in July, with falling prices, investments and the pace of new construction. Official data released on Monday (17) reinforces Beijing's difficulty in recovering one of the main segments of the economy. Prices for new properties in the 70 main Chinese cities fell.
The Chinese real estate market continues without signs of recovery in July, with real estate prices falling for the sixth consecutive month, according to data from the National Bureau of Statistics released on Monday, 17. The weakening of the sector continues to pressure consumption and investment in the world's second largest economy. + Understand World news in the West Real estate prices in the country's 70 largest cities fell 0.18% in July, a…
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