this post was submitted on 17 Aug 2024

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China's home-price slump deepens to new 9-year low despite stimulus (www.reuters.com)

submitted 3 months ago by schizoidman@lemm.ee to c/worldnews@lemmy.ml

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[–] ksynwa@lemmygrad.ml 20 points 3 months ago

"This is very bad!" scream analysts from ING, a real estate research institute and Goldman Sachs.

In late July, China's top decision-making body, the Politburo, reiterated the country's commitment to supporting the completion of unfinished projects and turning unsold apartments into affordable housing.