Part 5/13:
Official data reveals a sluggish consumer market, with youth unemployment surging and the property sector still mired in malaise. The property market’s recovery appears fragile at best. After a brief uptick in September, driven by loosened purchase policies in major cities like Beijing, Shanghai, and Shenzhen, sales fell sharply during the Golden Week holiday, with new subscriptions plunging by over 30% in key centers. Analysts emphasize that the September gains were short-lived, and the broader housing market continues to struggle, erasing years of wealth and optimism.