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<html lang="en" class="story nytapp-vi-article nytapp-vi-story story nytapp-vi-article " data-nyt-compute-assignment="fallback" xmlns:og="http://opengraphprotocol.org/schema/" data-rh="lang,class"><head> <meta charset="utf-8"> <title>5 Years On, China’s Property Crisis Has No End in Sight - The New York Times</title> <meta data-rh="true" name="robots" content="noarchive, max-image-preview:large"><meta data-rh="true" name="description" content="The government had set out to slow speculation, kicking off a slowdown in real estate values that is still grinding on with wide economic consequences."><meta data-rh="true" property="twitter:url" content="https://www.nytimes.com/2025/08/25/business/china-property-downturn.html"><meta data-rh="true" property="twitter:title" content="5 Years On, China’s Property Crisis Has No End in Sight"><meta data-rh="true" property="twitter:description" content="The government had set out to slow speculation, kicking off a slowdown in rea...
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