Just days after Premier Li Qiang called for “greater efforts” to halt a decline in China’s housing market, fresh data on Monday laid out why the country’s top leadership still has such cause for concern.
New home prices across 70 Chinese cities fell 0.2 per cent in May from the previous month, while those of second-hand homes declined 0.5 per cent, according to a Financial Times analysis — the fastest pace of decline in seven and eight months respectively.
Real estate investment was also down 10.7 per cent in the first five months of 2025, the data showed.
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