Policy efforts do little to fix downturn since 2021, squeezing municipal finances
The decline in housing prices has been relatively muted in large Chinese cities such as Shenzhen. © Reuters
KENTARO SHIOZAKI
September 16, 2025 02:30 JST
BEIJING — New home prices in 70 major Chinese cities were down 11% on average in August from four years earlier, according to official data released Monday, as government steps last fall to prop up the market failed to make a lasting impact.