“China’s Economic Woes Deepen With Housing Market Slump”
August 14, 2023
“The numbers follow economic news in the past week that showed deflation arriving in July as manufacturers and retailers cut prices in a bid to lure buyers and move excess stock. Exports and imports also plunged more than expected, while borrowing by consumers and businesses slumped…”
https://finance.yahoo.com/news/china-economic-woes-deepen-housing-200000184.html
Why are these articles so bad? The Chinese real estate market is in the middle of a crisis. It’s both the housing and business sector. Now price wars are causing deflation. Really this article is useless. I don’t know why I linked to it.