S&P: China's Mainland National New Building Sales volume has significantly narrowed year-on-year decline to 3% this year.

According to the Wise Finance and Economics APP, the rating agency Standard & Poor's said that the Chinese real estate market is beginning to stabilize. The central government's recognition of stable housing prices is crucial in boosting consumer demand, and it is also important to address the pressure of tariffs. Standard & Poor's believes that domestic real estate companies focusing on the high-end market and with smooth financing channels will benefit the most.