{"id":266839,"date":"2026-01-04T14:13:06","date_gmt":"2026-01-04T14:13:06","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/266839\/"},"modified":"2026-01-04T14:13:06","modified_gmt":"2026-01-04T14:13:06","slug":"property-industry-remains-an-enemy-within-for-beijings-economic-targets","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/266839\/","title":{"rendered":"Property industry remains an enemy within for Beijing\u2019s economic targets"},"content":{"rendered":"<p>The slumbering <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/topics\/china-property?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">property sector<\/a> remains a threat to China\u2019s economic growth because of its huge impact on the employment rate and consumer demand, according to industry officials and analysts.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Amid sharp declines in property investment, housing sales and home prices last year, a further downturn of the significant sector may put more developers, workers, homebuyers and banks at risk.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">In the first 11 months of 2025, new properties worth 7.5 trillion yuan (US$1.07 trillion), comprising units for dwelling and commercial use, were sold across mainland China, down 11.1 per cent from a year earlier, data from the National Bureau of Statistics (NBS) showed.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Home sales slumped 11.2 per cent year on year, the bureau said, without releasing the value of total transactions. This exceeded Fitch Ratings\u2019 forecast of a 7 per cent year-on-year decline for 2025. Completion of new properties in the first 11 months fell 7.8 per cent from a year earlier to 787 million square metres (8.5 billion sq ft), the statistics showed.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cA ripple effect will spread to other industries if the real estate sector continues a downward spiral,\u201d said Yin Ran, a property and angel investor in Shanghai. \u201cWithout strong home sales, millions of companies such as home appliance makers would struggle to keep their businesses afloat.\u201d<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The property sector and related industries, such as home appliances and construction materials, account for about a quarter of mainland economic output.<\/p>\n","protected":false},"excerpt":{"rendered":"The slumbering property sector remains a threat to China\u2019s economic growth because of its huge impact on the&hellip;\n","protected":false},"author":2,"featured_media":266840,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174],"tags":[1793,79,381,136482,11902,2784,179,18,43849,16666,83135,48407,19,17,64286,9408,136484,57286,2792,136485,136483,136486,31161],"class_list":{"0":"post-266839","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-beijing","9":"tag-business","10":"tag-china","11":"tag-chinas-property-sector","12":"tag-consumer-spending","13":"tag-economic-growth","14":"tag-economy","15":"tag-eire","16":"tag-fitch-ratings","17":"tag-home-prices","18":"tag-home-sales","19":"tag-housing-prices","20":"tag-ie","21":"tag-ireland","22":"tag-ministry-of-finance","23":"tag-national-bureau-of-statistics","24":"tag-newly-built-homes","25":"tag-property-slump","26":"tag-shanghai","27":"tag-state-taxation-administration","28":"tag-stimulus-package","29":"tag-stimulus-policies","30":"tag-tax-incentives"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/115837246580806603","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/266839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=266839"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/266839\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/266840"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=266839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=266839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=266839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}