Every economy has a plateau then a fall, then a pull back up again. I think the aggressive trade stance and hard line politics by China might have played a major role. As it’s frightened both the local businesses and foreign businesses and lead to all global powers starting to put tariffs and trade barriers up, all due to China wanting to get away with pretty blatant violations of fair trade, huge import taxes on foreign goods, great firewall blocking any foreign purchase easily, hugely subsidised mail, forced ownership sharing, lowered safety regulations, lack of pollutant regulation etc. chuck in a house market with terrible quality at a high price and you’ve got a balloon waiting to pop. I don’t blame the Chinese for wanting to buy any house outside of China. But they’ve taken their “build junk make bank” mentality to the world and it can’t last much longer.