China's property investment fell 21% YoY in the first nine months of 2026, marking its longest declining streak since 2022 and worse than the 2008 financial crisis.
Macro & Markets ·
Property investment in China fell 21% year-over-year in the first nine months of 2026, marking the largest decline for this period on record and representing a deterioration from the prior eight-month figure of negative 20%. The contraction extends an unbroken monthly decline since 2022, the longest such streak recorded, and exceeds the negative 16% drop during the 2020 pandemic, surpassing even the positive 1% growth floor maintained during the 2008 financial crisis.