The Bursting Chinese Housing Bubble Compounds Beijing’s Economic Woes

China’s deflating property bubble is imperiling the world’s second-largest financial system with results that might ripple for years.

Residence costs are dropping in lots of cities after an extended interval of will increase, knowledge from Chinese real-estate builders and official statistics present. Gross sales of residences nationwide by the nation’s largest builders have slumped yearly for 13 consecutive months, in response to industry-data supplier China Actual Property Data Corp.