Mar 24, 2023 08:11 PM

BUSINESS

In Depth: China’s Patchy Property Revival

By Niu Mujiangqu and Toh Han Shih

Chongqing citizens learned about housing information at the housing fair on March 23. Photo: VCG

Chongqing citizens learned about housing information at the housing fair on March 23. Photo: VCG

China’s financial authorities are hailing a rebound in the housing market after data from February showed an uptick in sales and bottoming out of months of declining prices. With the property sector estimated to account for more than 20% of China’s GDP, it is no surprise that any sign of a rebound in demand is equated to recovery in the country’s broader economy.

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