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A netizen posted their property deed on Xiaohongshu (RedNote), stating that they bought a house in Meishan, Sichuan for 1.6 million yuan in 2019, but now the same unit type is listed for only over 300,000 yuan, with 1 million yuan in bank loans still outstanding.
On October 15, according to a Reuters report, IMF Asia-Pacific Department Head Srinivasan stated in Bangkok that China's economic growth still mainly relies on external demand, the scale of fiscal stimulus is limited, and the real estate crisis has dragged on too long, calling on the government to boost household confidence and improve the social security system.
A homebuyer recounts that after purchasing a home in 2020, a drop in income forced them to suspend mortgage payments for 12 months, now facing court-ordered forced auction and massive losses.
In the first half of 2026, the proportion of Chinese homeowners over the age of 60 listing their properties for sale soared to 22.7%, a significant increase from 11.3% in 2022.
Instead of focusing on GDP, look at “hard power”: youth unemployment rate is 18.9%, AI continues its great leap forward. On September 21, The New York Times reported that while the unemployment rate for non‑student Chinese youth aged 16‑24 has risen to 18.9% and consumption and real estate remain sluggish, Beijing is still preparing to pour massive resources into artificial intelligence. Bloomberg previously said China is planning to invest about $295 billion over the next five years to build… #Xi Jinping
The National Bureau of Statistics released data showing that national fixed-asset investment fell 7.2% year on year from January to August, while real estate development investment fell 19.9% year on year.
On August 28, 2026, the People’s Bank of China and the National Financial Regulatory Administration jointly issued new real estate credit policy rules, officially extending the maximum term of personal housing loans from 30 years to 40 years, sparking widespread public debate.
Shanghai has introduced the “Eight Shanghai Measures,” a package of optimized real estate control policies; Hu Liren believes this is a trap to drain the savings of ordinary people and plunge them deep into mortgage debt.
From January to July 2026, China's real estate development investment fell 19.2% year-on-year, while data related to newly started projects fell 24%.
In his program on August 2, 2026, Hu Liren predicted that within one year from August 1, Chinese real estate values would fall by at least 20% to 25%, saying this is a political necessity rather than an economic law.
China's real estate investment fell sharply by 18% year-on-year in the first half of this year, and the real estate market continues to decline.
In the first half of the year, national real estate development investment fell 18% year-on-year, further widening from the previous -15.2%; new residential construction starts fell 23.4%, sales fell 13.6%, and funds received by real estate developers fell 10.2%.
Citing real estate agents, the video says that some homes in Shanghai have been listed for half a year without a single viewing, property transactions are difficult and prices keep being cut, with the market showing prices but no buyers.
Data shows that from January to June, China's national fixed asset investment fell 5.7% year-on-year, private investment fell 8.5%, and real estate development investment fell 18%.
According to CRIC data, from January to July 2026, the cumulative sales volume of the top 100 real estate enterprises was 1,591.8 billion yuan, a year-on-year decrease of 14.6%.