This means that China’s property market will have halved in four years, from RMB 18.2 trillion in 2021 to less than RMB 9 trillion this year. However, additional supportive measures may only come gradually, and on a city-by-city basis, in our view,” S&P said in a report on China’s property market last week. Washington claims that Beijing’s latest action on rare earths breached the terms of the talks by introducing new trade restrictions while the two sides were negotiating. If the downturn is evident in the residential property market, it is even more pronounced in the commercial property sector, as a broker in Beijing’s upmarket Wangjing district told me over a coffee. “I don’t think the property market will recover.

Source: The Irish Times October 17, 2025 16:40 UTC