It isn’t a slump. It’s a straight-up crash. The investment collapse matches the collapse in household lending, and the banks are finally admitting it in their numbers.
China’s property downturn has now lasted for over 4 years
byu/RobertBartus inEconomyCharts
It's like the Chinese economy hit a brick wall in June. It isn't just investment, that's just where it is most prominent (right now).
Consumer spending, bank lending, even industry has seen a major setback.
Speaks for itself: pic.twitter.com/qiOUfgz07U
— Jeffrey P. Snider (@JeffSnider_EDU) November 17, 2025
An unprecedented slump in Chinese investment. That’s what one media outlet called it. I don’t think slump is the right word. Crash might be a more appropriate one. While that tends to be overused, the numbers show not in this case. Especially when they are backed up by a crash in household lending in China, too, as Chinese banks just put up more grim stats. And all of this confirmation of what I told you months ago, the something big has changed over there this summer.