** China Real Estate Sector Update** **Key Development:** China's new home prices continued to decline in December, according to official data released Monday. This trend highlights ongoing structural challenges within the property sector, persisting despite sustained government intervention and pledges to stabilize the market. **Implications:** * **Sector Volatility:** The extended downturn signals that policy measures have yet to effectively reverse negative sentiment or stimulate sufficient demand. * **Economic Impact:** Continued weakness in real estate poses downside risks to broader economic growth targets.