"The root of the #GrowthSlowdown is that the #PropertySector as a pillar of the economy is still rapidly shrinking, and #HomePrices are slumping.

To change the fast slowdown in consumption growth #China needs to stabilize the property industry, which accounts for about 70% of #HouseholdWealth.” said Lu Ting, chief China economist at #NomuraHoldings Inc

China’s #EconomicGrowth Comes in Worse Than Expected, Adding Pressure on #Xi
https://finance.yahoo.com/news/china-growth-slows-4-7-023521207.html