China December new home prices +0.35% m/m (prior +0.3%) and +6.6% y/y
The housing sector is a drive of China's domestic economy
When prices are moving ahead it adds confidence to consumers which drives domestic demand. And vice-versa. Its has steadied in recent quarters and today's data will be welcome.
Add it in to the trade truce headlines and it augers well for the next few months. Let's see how negotiations fare on phase 2 now.