China's home sales plummet 47% during may day holiday
Edited By WION Video Desk
Published: May 07, 2024, 06:35 IST | Updated: May 07, 2024, 06:35 IST
China's housing market faces a significant slowdown. Average daily home sales during the recent may day holiday plummeted 47% compared to the same period last year. This downturn extends beyond the past year, with sales falling roughly 30% even compared to pre-pandemic levels in 2019.
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