Pantheon Macroeconomics

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  • China’s residential sales are still slumping in December, with weakness across all city tiers.
  • Tier-one city pre-owned housing prices sank, amid reports of a surge in listings of low- to mid-end units.
  • Policymakers seem resigned to a protracted recovery, with no new ideas at the CEWC.

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Keywords for: 23 December 2025 China+ Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence