It is quite evident from these two charts from Credit Suisse that things are slowing down in China's infamous housing sector. Last time, it took a turn for the worse (which arguably still continuing somewhat), the entire global economy caught the cold. However, it is far from clear that the sector is turning for the worse from these two charts.

The interesting part is that the Chinese officials have already spoken of this slowdown, and is the mean no worries?

Things are likely to clear up by the end of the year.