China's Property-Led Growth Slowdown Shows No Signs of Ending

The transcript discusses the economic downturn in November, highlighting the decline in home and car sales, and the reduction in iron rebar stockpiles. It notes the continued slowdown in construction with no government intervention. Localized easing measures in cities like Chengdu are mentioned, but they are insufficient to change the overall economic picture.

Discuss the impact of localized measures on the overall housing market as described in the text.

What is the significance of the population size of Chengdu in relation to the housing market?