Financial Times Reports China's New Housing Starts Down 78% from Peak, Warning of a Possible Repeat of Japan's Long-Term Stagnation

An in-depth Financial Times report on October 21 pointed out that China's population decline, deflation, weak consumption, and slumping property and stock markets resemble Japan in its day; after the property bubble burst in 2021, new housing starts fell 78% from their peak. Economist Richard Koo argues for stimulating demand through fiscal spending, while Adam Slater does not rule out growth slowing to 2% to 2.5% over the next decade.

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2026-10-26 01:16 · 10月21日《金融时报》深度报道指出，中国人口下降、通缩、消费疲弱与房地产股市低迷与日本泡沫破裂前高度相似，新开工住宅较峰值降78%，或重蹈日本长期停滞覆辙。

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This event Financial Times Reports China's New Housing Starts Down 78% from Peak, Warning of a Possible Repeat of Japan's Long-Term Stagnation 2026.10.21 · Reported

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Sayings · 2026-10-26 01:02 An in-depth Financial Times report on October 21 pointed out that China's population decline, deflation, weak consumption and slumping property and stock markets closely resemble the situation in Japan before its bubble burst, with new housing starts down 78% from their peak, risking a repeat of Japan's long-term stagnation.

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