China Property Slump Deepens as Data Disappoints: In Charts.

According to data from May, China's property market has not yet hit its lowest point, as new home prices have fallen for the 12th consecutive month. The decline in prices was particularly severe in lower-tier cities, with 67 out of 70 cities experiencing falling prices. Property investments from January to May also saw a significant year-over-year decrease. Despite the possibility of a small rate cut, there are doubts about its effectiveness due to high liquidity levels. [Extracted from the article]

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