Ex-Chinese finance minister says the housing bust will take at least five years to fix, locking in weaker growth and gloomy consumer sentiment.Deserted villas in a suburb of Shenyang in northeastern Liaoning Province, China, on March 31, 2023 Jade Gao/AFP via Getty Images11/22/2025|Updated: 11/22/2025News AnalysisChina’s housing market had another very weak month in October, with price declines even steeper than in September.Sean Tseng is a Canada-based writer for The Epoch Times focusing on Asia-Pacific news, Chinese business and economy, and U.S.–China relations. Author’s Selected Articles
Chinas Deepening Property Slump Signals Weakness of Economy
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