A protracted slump in China's property market is hampering the broader economy's recovery.
The latest data show there's no end in sight for the crisis, with the decline in China's home sales worsening.
Concerns over developers' home delivery weighed on the market as more firms faced liquidity issues, analysts led by Karl Shen wrote in a report.
A rally in equities traded on the Beijing Stock Exchange, which has been an outlier in the sluggish market, also lost steam.
Fidelity International is timing a re-entrance into the market as Beijing prioritizes growth, while Franklin Templeton sees valuations as too attractive to ignore.
Amid all the gloom, the emergence of a new technology giant suggests the country is still a dynamic market.
Its market cap outstripped Alibaba Group Holding Ltd. last week in a landmark shift for the country's tech industry.
https://www.zerohedge.com/markets/drag-chinas-property-crisis-will-only-become-bigger
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