China’s struggling housing sector is much worse than it looks

China’s struggling housing sector will see a sharper downturn this year than previously thought, marking the fifth consecutive year of decline and pushing back any hopes for recovery, according to a report released Thursday by S&P Global Ratings. The credit rating firm now expects new home sales to drop 8% compared to last year, landing […] source: https://www.cryptopolitan.com/chinas-struggling-housing-sector/