The Chinese government has clamped down heavily on the bank lending to real estate projects and buyers in the last few months. That has already had the desired effect and the property prices are cooling down in most of the Chinese cities and towns.
There has also been a sharp drop in the production of steel and other construction materials which in turn has started affecting the employment scenario.
Also the US economy is all set to get into recession sooner , along with most of the European countries.
That is not a good sign and you can soon expect the Chinese government to slowly relax the lending rules in the coming weeks.