China's Real Estate Crisis Deepens Despite Government Efforts

New home prices continue to fall, marking the steepest decline in nearly a decade as Beijing's measures fail to stem the downturn.

New home prices in China fell again in January, with existing home sales experiencing the steepest decline in nine years.
Beijing's attempts to revive the market, including deregulating home purchases and cutting loan rates, have not succeeded.
Local governments and lenders face mounting debts as major real estate companies verge on collapse.
Some analysts see signs of stabilization in a few markets, but the overall outlook remains bleak with expectations of a worsening trend.
The International Monetary Fund suggests more market-based adjustments and insuring homebuyers against incomplete projects to restore confidence.