In China, house prices are falling and real estate market slowed down which may hinder the growth of the country. Due to the size and influence of the market, it is expected that the global economy may grind due to it. In October, construction activity slumped approximately 16.6% which had jumped as much as 32.5% earlier this year. The squeeze on economy was triggered by recessions in economies of the United States, Japan and Europe which adversely affected demand of export goods. Construction sector is the biggest key to expansion of China and it comprises one fourth of fixed asset investments besides providing employment to 77 million people. Central Bank of China reduced its interest rates by the largest value in previous 11 years in order to combat economic declines. In such a situation, analysts believe that China shall not be able to contribute its 60% role in global growth. If situation persists, it is expected that global growth shall probably fall down to zero in next year. There are 30% chances of growth contraction for China and it may grow 0% to 4% in next year. Last year, China contributed 20% to global growth.