In an article in ARC China’s newsletter, Adam Roseman discussed property prices in China. The property market, a primary player in Chinese economy, has shown signs of an increasing slowdown as prices flatline. The average housing prices throughout the nation has risen just 0.01% since Agust.

“Cooling red-hot housing prices is just like putting out a wildfire,” explained Wang Haibin of Shenzehn World Union Properties Consultancy Co. “Now we can say the fire won’t spread further, but it will still take time before its extinguished.”