China Home Sales Fell for 14th Month in a Row

Home sales in China tumbled for the 14th month in a row in August according to new data released by China Real Estate Information Corp on Wednesday, The Wall Street Journal reported.

August sales for China’s top 100 property developers fell more than 30% from the same time last year, said the report, slipping a further 0.8% from July. Despite the government’s $146 billion stimulus package, China’s economy will continue to feel the effects of its zero-Covid policy, it added.

Read the full report: Wall Street Journal

China’s Top Developer Sees Profits Plunge 96% – Guardian

China Factory Activity Dropped Further in August, Data Shows

Alfie Habershon

Alfie is a Reporter at Asia Financial. He previously lived in Mumbai reporting on India's economy and healthcare for data journalism initiative IndiaSpend, as well as having worked for London based Tortoise Media.