Part 1/15:
China's Real Estate Crisis: A Deepening Economic Plunge and Widespread Despair
In recent years, China's property market has experienced a catastrophic collapse, leaving millions of homeowners devastated and rendering previously valuable real estate virtually worthless. Once high-priced luxury homes, including residences in prime locations such as Shenzhen Bay, are now being given away for free, yet still remain unwanted. This phenomenon underscores not only a plummeting property market but also a broader economic and social crisis affecting the middle class and ordinary citizens alike.