Traditionally Golden Week is a time when Chinese consumers loosen their purse strings and go on shopping sprees. This is not limited to consumer electronics, clothes and travel, but also includes big ticket items like cars and apartments. But for the Shenzhen real estate market this Golden Week was a total bust. Only a paltry 82 units were sold during Go...

Great reporting from the Reference News into the government's new policy directive intended to dampen the housing market by discouraging people from taking mortgages on second homes. Under the new requirements a second-home mortgagee will be required to post a 40% down payment and meet a 10% interest rate in the future. The current requirement is 20% for...