Local governments across China are pushing various measures to stimulate growth in the floundering real estate market, following the defaults of several real estate giants in the last two years. However, experts believe that China’s housing market saturation, coupled with low investor confidence, means that the decline of the property sector is unlikely to reverse…

The deepening debt crisis at Chinese developers like Evergrande Group, along with Beijing’s efforts to rein in property speculation, has stifled housing demand and hit the country’s economy. The output from the real estate sector fell 2.9 percent year-on-year in the fourth quarter, according to a supplemental report from the National Bureau of Statistics (NBS) on…