China’s home prices plummet faster than Japan’s bubble burst.

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Chinese home prices are plummeting at an alarming rate, surpassing the decline seen during Japan’s infamous bubble burst. With a lack of transparency, the full extent of the crisis remains uncertain, but indicators suggest it could be ten times worse than the 2008 financial crisis. Residential real estate volumes have dropped by a staggering 46% in just over two years, with sales hitting their lowest levels since the 2008 crisis. This raises concerns about whether China is heading into a recession.

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