One Turn followed this story across 2 editions, from Shanghai, China on October 22, 2026. Newest first.
China's property market has struggled for several years, weighing on household wealth. The Communist Party holds a key planning meeting starting Monday.
Falling company profits are making China's $3.5 trillion stock rout harder to reverse, Bloomberg analysis carried by the Japan Times said. Investors see leaders in no rush to boost an economy slowing at a tolerable pace. Hong Kong developers are also shifting mainland investment from homes to commercial property.
Why it matters: Weak Chinese demand affects exporters and commodity producers worldwide.
China's CSI 300 index has fallen 20% from its June peak after a 10-week selloff, entering bear-market territory. On Thursday the Shanghai Composite fell 2.07% and Hong Kong's Hang Seng 3.91%, even as CNBC reported sovereign wealth funds' investments in China and Hong Kong have risen 190% after an earlier slump.
Why it matters: Falling Chinese equities affect household wealth in the world's second-largest economy and global investors with exposure to it.