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An exterior view of Evergrande Metropolis (or Evergrande Mingdu) housing complex on December 6, 2021 in Huaian, Jiangsu Province of China.
An exterior view of the Evergrande Metropolis housing complex in Huaian, China.

Zhao Qirui/VCG via Getty Images

  • House prices in China fell nearly 0.4% last month, per official statistics published Thursday.
  • That's the steepest drop since February 2015.
  • It’s a sign a key engine for the world’s second-largest economy is still sputtering, despite Beijing’s stimulus packages.

China's property crash worsened last month in a sign the world's second-largest economy is still facing headwinds despite recent government interventions.

Tags
economy, Markets, economy, Markets, China, real-estate, housing-market, house-prices, china-economy, china-economy-and-markets, xi-jinping, china-property-market, china-property-crisis, evergrande-china, asian-markets, global-economy
Source
Real estate made China rich. Now it's looking more like kryptonite.