Property industry remains an enemy within for Beijing’s economic targets

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The slumbering property sector remains a threat to China’s economic growth because of its huge impact on the employment rate and consumer demand, according to industry officials and analysts.Amid sharp declines in property investment, housing sales and home prices last year, a further downturn of the significant sector may put more developers, workers, homebuyers and banks at risk.In the first 11 months of 2025, new properties worth 7.5 trillion yuan (US$1.07 trillion), comprising units for...