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China's economy grew 5% last year, powered by a record trade surplus. However, this masks a deepening domestic crisis centered on a collapsing property market and weak consumer spending.
China's economy grew by 5% in 2025, meeting official targets, but a severe property crisis is crippling domestic demand, freezing the housing market, and straining local government finances.
China Vanke Co., once the country's top developer, awaits a crucial creditor vote today that will determine if it can delay payments and avoid default on its $50 billion debt.
China's deepening property crisis has prompted officials to restrict independent sales data, masking the true scale of a downturn that has erased trillions in wealth.
China's economy faces a critical test as policymakers attempt to deflate the world's largest real estate bubble without causing a catastrophic collapse.
New home prices in China fell 0.4% in September, the fastest monthly drop in nearly a year, signaling deeper troubles in the nation's vital property sector.
China's booming micro-drama industry is repurposing stalled and unfinished real estate projects as film sets, creating an unusual intersection of economic hardship and entertainment growth.
