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  Stalled construction sites in major Chinese cities are becoming the symbol of the country’s deepening real estate crisis in 2025.(Representing AI image) China’s Property Slump Drags Down Fixed‑Asset Investment — A Deep Dive into the 2025 Crisis  - Dr.Sanjaykumar pawar Table of Contents Introduction: The Unraveling of China’s Growth Engine Background: Why Real Estate Mattered So Much Understanding Fixed‑Asset Investment (FAI) & Its Components The 2025 Numbers: Data, Trends & Alarms 4.1 First Eight Months: 0.5% Growth, –12.9% in Property 4.2 Dissecting the Subcomponents: Construction, Sales, Starts 4.3 Regional & Tier‑City Differences Root Causes: What’s Behind the Slump? 5.1 Developer Leverage, Liquidity Crunch & Defaults 5.2 Regulatory Constraints: “Three Red Lines” etc. 5.3 Buyer Sentiment, Demographics & Overhang 5.4 Local Government Fiscal Strains & Land Revenues 5.5 External Headwinds: Trade, Credit, Global Rates Spillovers:...