S&P Downgrades Outlook as China Property Crisis Becomes Entrenched

Beijing, Wednesday, 11 February 2026.
S&P Global Ratings now forecasts a 14% contraction in China’s 2026 property sales, signaling an accelerating downturn rather than stabilization. With market volume already halved since 2021, analysts warn the crisis is structurally entrenched, leaving government intervention as the only viable escape from this vicious cycle.