// Global Analysis Archive
NBS data cited in the source indicate that China’s housing market weakened further in December 2025, with sharper declines in secondhand prices and notable drops across first-tier cities. The document also points to rising household and developer balance-sheet stress, raising the risk of prolonged adjustment and increased pressure on collateral liquidity in the banking system.
According to NBS data cited in the source, China’s 2025 property sales fell to 8.4 trillion yuan and December 2025 prices declined across the 70-city index, with sharper drops in the secondary market including major first-tier cities. The document also suggests foreclosure auctions are clearing poorly and developer losses remain widespread, raising risks of a longer balance-sheet repair cycle.
According to the source, China’s prolonged property downturn is eroding household wealth, weakening domestic demand, and increasing reliance on loan rollovers that sustain unproductive “zombie” borrowers. The resulting linkages among developers, banks, shadow lenders, and local-government financing vehicles elevate risks of prolonged stagnation and episodic financial stress.
China’s prolonged property slump is increasingly shaping a structural downshift in growth, with policymakers signaling a move toward a more planned, affordability-focused housing model. According to the source, rising zombie-firm dynamics, LGFV linkages, and shadow-finance opacity elevate risks of prolonged stagnation and episodic financial stress.
The source depicts China’s fifth-year property slump as a structural downshift that is eroding household wealth, weakening domestic demand, and increasing reliance on loan rollovers to stressed developers and linked entities. Rising zombie-firm prevalence, LGFV entanglements, and reduced data transparency elevate the risk of prolonged stagnation and episodic financial stress, particularly outside the largest state-owned banks.
NBS data cited in the source indicate that China’s housing market weakened further in December 2025, with sharper declines in secondhand prices and notable drops across first-tier cities. The document also points to rising household and developer balance-sheet stress, raising the risk of prolonged adjustment and increased pressure on collateral liquidity in the banking system.
According to NBS data cited in the source, China’s 2025 property sales fell to 8.4 trillion yuan and December 2025 prices declined across the 70-city index, with sharper drops in the secondary market including major first-tier cities. The document also suggests foreclosure auctions are clearing poorly and developer losses remain widespread, raising risks of a longer balance-sheet repair cycle.
According to the source, China’s prolonged property downturn is eroding household wealth, weakening domestic demand, and increasing reliance on loan rollovers that sustain unproductive “zombie” borrowers. The resulting linkages among developers, banks, shadow lenders, and local-government financing vehicles elevate risks of prolonged stagnation and episodic financial stress.
China’s prolonged property slump is increasingly shaping a structural downshift in growth, with policymakers signaling a move toward a more planned, affordability-focused housing model. According to the source, rising zombie-firm dynamics, LGFV linkages, and shadow-finance opacity elevate risks of prolonged stagnation and episodic financial stress.
The source depicts China’s fifth-year property slump as a structural downshift that is eroding household wealth, weakening domestic demand, and increasing reliance on loan rollovers to stressed developers and linked entities. Rising zombie-firm prevalence, LGFV entanglements, and reduced data transparency elevate the risk of prolonged stagnation and episodic financial stress, particularly outside the largest state-owned banks.
| ID | Title | Category | Date | Views | |
|---|---|---|---|---|---|
| RPT-614 | China Property Downturn Deepens: First-Tier Resale Prices Slide and Distress Signals Rise | China | 2025-12-10 | 0 | ACCESS » |
| RPT-913 | China Property Downturn Deepens: First-Tier Resale Weakness and Impaired Foreclosure Liquidity Signal Prolonged Adjustment | China | 2025-10-21 | 0 | ACCESS » |
| RPT-1208 | China’s Property Slump Shifts from Sector Shock to Systemic Constraint | China | 2024-09-23 | 0 | ACCESS » |
| RPT-893 | China’s Property Downturn Becomes a Macro-Financial Constraint | China | 2024-09-07 | 0 | ACCESS » |
| RPT-451 | China’s Property Downturn Shifts From Sector Slump to Macro-Financial Constraint | China | 2024-07-18 | 0 | ACCESS » |