Continued decline for house prices in China.
Falling prices can be a vicious circle, as falling prices convince people to delay from buying as they expect prices to fall further.
China's property sector remains deeply mired in debt.
China February new house prices -1.4% y/y (prior -0.7%)
- New home prices fell 0.3% m/m in February 2024, vs. -0.37% in January
