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Shenzhen and Hangzhou House Prices Frequently Drop by Millions; Real Estate Agents Are Pessimistic About the Housing Market
Summary by 大纪元 Epoch Times
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China's real estate industry continues its slump. With "stabilizing housing prices" becoming the highest "political task" in the market, any voice speaking the truth, or deemed "bearish" by the CCP, faces the risk of being censored. However, policy pressure and official bans have failed to halt the market's downward spiral. From first-tier cities like Shenzhen to emerging first-tier cities like Hangzhou, losses exceeding one million yuan per pro…
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