China's all-important property market shows no sign of rebound in new year

China’s real estate sector continues to struggle despite government measures to stimulate growth. Data from the National Bureau of Statistics reveals a decline in new property sales and property investment. However, other sectors of the economy, such as consumption, industrial production, and infrastructure investment, show signs of improvement. Retail sales and industrial output have increased, while exports have exceeded market expectations. The growth is partly attributed to state-led investment. Analysts suggest that sustained growth will require more policy support and consumer stimulus. The economic outlook for the second quarter remains uncertain.