As of today, China has the coronavirus under control. The result is that millions of Chinese citizens have been traveling during their "Golden Week" - usually these Chinese are traveling internationally during this festival, but this time everyone has chosen to travel within China (due to all the travel restrictions in other countries). And for sure, Chinese came out and spend money. Millions have been traveling all over the country and spending money.
There is a lot of pent-up demand and it remains to be seen when that pent-up demand will be able to go outside China so Chinese can start buying houses in other countries.
Read all the details here.