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China Update: Navigating Economic, Space, and Technological Challenges

Economic Struggles Deepen Amid Housing Crisis

In this week’s China Update, the focus is squarely on the mounting economic challenges facing the world's second-largest economy. Perhaps most alarming is the persistent decline in China's housing sector, which has been in crisis for nearly half a decade. Despite direct intervention by top government officials, the sector shows no signs of recovery. Recent data indicates that secondhand home prices across all 70 major Chinese cities have fallen for two consecutive months—a trend unprecedented since records began in 2011.