All China October new home prices +8.6% y/y (unchanged from Sep)

Author: Eamonn Sheridan | Category: News

For the m/m result its +1.0%, above September's read of +0.4%

Beijing new home prices +0.8 pct y/y (Sept +0.4 pct)
  • +0.2 pct m/m (sept unchanged vs prev month)

Shanghai new home prices -0.4 pct y/y (Sept -0.2 pct) 

  • +0.1 pct m/m (sept -0.1 pct) 

Chinese authorities have tried to direct credit growth away from fuelling rapidly growing house prices, wantng deleveraging. 

On the other hand they don't want falling prices. 

So, walking a fine line and according to this data they seem to be having some success. <insert questions on the legitimacy of Chinese data here if that's your thing :-D >

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