CAUSE
One question. One truth.
“Why is China's economy slowing down?”
The primary cause of China's economic slowdown is the property sector's structural downturn, which cut annual real GDP growth by about 2 percentage points in both 2024 and 2025. Property sales plunged, and real estate investment declined sharply.
High confidenceStructural
CURRENT STATE
The property market contraction caused a 15.9% decrease in real estate development investment and a 2.6% fall in fixed asset investment. Overall growth weakened from 5.4% in early 2025 to 4.5% by year-end, despite strong export growth.
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