Beijing new home prices +0.2 pct y/y (June -0.1 pct)
- +0.2 pct m/m (June unchanged vs prev month)
Shanghai new home prices -0.2 pct y/y (June -0.2 pct)
- -0.1 pct m/m (June unchanged vs prev month)
Reuters calculation for:
All China July new home prices +5.8 pct y/y (June +5.0 pct)
- +1.1 pct m/m (June +1.0 pct)
Reuters add:
- All China July new home prices rise in monthly terms fastest since October 2016
- All china July new home prices rise in annual terms fastest since Sept 2017
-
The property market is a key driver of growth in China. Authorities are walking a tightrope trying balance deleveraging with continued economic growth. Falling house prices would not be a positive for economic growth, confidence etc. The stats working in their their favour it does seem.
