China home sales drop in July, exposing fragile market
Fox News
China's housing market made some gains in May and June, but July's substantial drop has largely blunted any gains made by the previous months of recovery.
Peter Aitken is a Fox News Digital reporter with a focus on national and global news.
Apartment sales had increased in May and June over the previous months, but July largely blunted those gains, according to The Wall Street Journal.
"China's economy has been slowing for quite some time," Craig Singleton, a fellow at the nonpartisan Foundation for Defense of Democracies, previously told Fox News Digital. "What we're witnessing now is a rapid economic slowdown."
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