China Housing Market

China’s Housing Market Faces a Transformational Shift Amid Economic Uncertainty

Harbin, a northeastern city in China, has seen rapid urban development in recent years, with high-rise apartments standing alongside commercial hubs and historic landmarks. However, for many property owners like 55-year-old driver Zhao Yuchun, the changing landscape serves as a...
Chinese yuan

China Slashes Benchmark Lending Rates Amid Struggles to Revive Growth and Stabilize Housing Market

In a significant move aimed at reviving its faltering economy and stabilizing the housing market, China has cut its benchmark lending rates as part of a broader set of measures initiated by the central bank to spur growth. On Monday,...