Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Tuesday, July 1
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Property»China Home Sales Slump Persists as Calls Grow for More Stimulus
    Property

    China Home Sales Slump Persists as Calls Grow for More Stimulus

    June 30, 20252 Mins Read


    (Bloomberg) — China’s home sales extended their slump in June, putting further strain on the economy and underscoring the impetus for fresh support measures.

    Most Read from Bloomberg

    The value of new-home sales from the 100 largest property companies stood at 339 billion yuan ($47.3 billion), the latest preliminary data from China Real Estate Information Corp. on Monday showed. That represents a 23% fall from a year ago, according to Bloomberg calculations. June’s sales follows an 8.6% decline in May. On a monthly basis, however, the latest sales were up 14.7% from May, CRIC said.

    China’s housing downturn has dragged on for four years, as the effects of a stimulus blitz last September wear off. Premier Li Qiang this month pledged more action to revive the market, which analysts say is necessary to boost consumption and offset the threat to exports from US tariffs.

    “More support will be needed, but we don’t expect a big shift in approach” to housing, Duncan Wrigley, chief China economist with Pantheon Macroeconomics, wrote in a report last week. “China is resigned to a slow recovery.”

    Even if China’s housing market picks up, the long-term outlook remains grim. Demand for new homes in cities is expected to stay at 75% below its 2017 peak in the coming years, due in part to a shrinking population, Goldman Sachs Group Inc. estimated.

    –With assistance from Foster Wong.

    Most Read from Bloomberg Businessweek

    ©2025 Bloomberg L.P.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleLe bitcoin dépasse 107 000 $ alors que les commentaires de la politique budgétaire de Trump augmentent les actifs durs
    Next Article Dow futures up 240 points; S&P, Nasdaq at record highs

    Related Posts

    Property

    Emperor’s US$2 billion debt woes reflect Hong Kong’s worsening property market risks

    July 1, 2025
    Property

    Victorian property in Woodbridge for sale at £1.6 million

    July 1, 2025
    Property

    Numa Group acquires first regional UK property

    July 1, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Action Ganglong China Property Group Limited | Cours 6968 Bourse Hong Kong S.E.

    July 31, 2007

    les fondamentaux de l’or restent bons

    September 4, 2007

    les fondamentaux de l’or restent bons

    September 4, 2007
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Bitcoin

    Le Bitcoin prêt pour une forte hausse alors qu’il se découple du marché boursier

    April 27, 2025
    Bitcoin

    Italy Reveals 62% Increase in Bitcoin Capital Gains Tax

    October 16, 2024
    Stock Market

    Stock market crash LIVE: BSE Sensex plunges over 2,500 points; investors lose Rs 9.51 lakh crore as US recession fears hit global markets hard

    August 5, 2024
    What's Hot

    A pioneer of small-cap stockpicking steps back after five decades

    July 28, 2024

    Is China witnessing its Lehman moment as Zhongrong shadow bank that managed $108 bn faces liquidation? – Firstpost

    April 17, 2025

    Is this the best UK stock under £1 right now?

    October 28, 2024
    Most Popular

    Professor Coin: How Do You Price Cryptocurrencies Like Bitcoin and Ethereum?

    October 13, 2024

    Finance, expatriation et retour en France : l’itinéraire d’un Aveyronnais dans la banque d’affaires

    March 20, 2025

    New Bullish Dynamic For Bitcoin? Here’s What The Indicators Reveal

    October 24, 2024
    Editor's Picks

    China’s Economy Faces Headwinds in Real Estate As Retail Rebounds

    August 15, 2024

    Public Comment Sought on Eastern Heights Utilities Water Rate Request

    August 7, 2024

    proche des 107.000€ entre prudence sur la Fed et l’inflation

    June 26, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2025 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.