China's real estate crisis could still get worse, Goldman Sachs says

China's economy is mired in a property crisis.

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• China's property crisis could worsen, with home prices potentially falling 10% by 2027, according to Goldman Sachs.
• The crisis began in 2021 due to lending curbs aimed at reducing financial risk.
• China's economy also faces youth unemployment, deflation, and weak consumer sentiment.

China's property crisis is in its fourth year, and the market is still far from a bottom, Goldman Sachs analysts wrote in a report on Wednesday.