Reuters reporting on house price growth in China for April
- Beijing new home prices -0.7 pct y/y (March -0.6 pct) - stats bureau
- Beijing new home prices +0.2 pct m/m (+0.1 pct) - stats bureau
- Shanghai new home prices -0.2 pct y/y (-0.3 pct) - stats bureau
- Shanghai new home prices -0.1 pct m/m (+0.2 pct) - stats bureau
- Guangzhou new home prices -0.8 pct y/y (+0.8 pct) - stats bureau
- Guangzhou new home prices -0.1 pct m/m (+0.2 pct) - stats bureau
- Shenzhen new home prices -2.2 pct y/y (-2.3 pct) - stats bureau
- Shenzhen new home prices +0.1 pct m/m (-0.1 pct) - stats bureau
- all China April new home prices +4.7 pct y/y (+4.9 pct) - reuters calculation
- all China April new home prices +0.5 pct m/m (+0.4 pct) - reuters calculation
The housing sector is an engine of growth in China, a slowing would weigh on the economy more broadly, and a sharp acceleration would introduce stability risks (we're never happy, right?)
