Chinese Premier Warns of ‘Downward Pressure’ on Economy – and more of Today’s China Real Estate Links | July 10, 2012

Here is a list of the day’s latest China real estate news collected from around the web:

• Chinese Premier Warns of ‘Downward Pressure’ on Economy

  Premier Wen Jiabao of China warned on Sunday of “huge downward pressure” on the Chinese economy, in the clearest expression yet of concern at the top of the country’s leadership about a sharp slowdown in recent months.During a weekend inspection tour of east-central China, Mr. Wen called for the government to “preset and fine-tune its policies in a more aggressive manner,” using fiscal and monetary tools to offset the economic slowdown as much as possible.

• China’s inflation falls further, giving government leeway to fight slowdown with stimulus

  China’s inflation fell to a 29-month low in June, giving Beijing more room to fight a deepening economic slowdown.Consumer prices rose 2.2 percent over a year earlier, down from May’s 3 percent, government data showed Monday. Food costs rose 3.8 percent.Lower inflation clears the way for Beijing to cut interest rates or boost spending to reverse China’s deepest slump since the 2008 global crisis with less danger of igniting a spike in politically sensitive living costs.

• China inflation signals demand falling as prices ease

  China’s consumer and producer prices eased more than expected in June, inflation data on Monday showed, signaling falling demand for goods from the world’s second-biggest economy and the likelihood of more growth-supporting policy moves from Beijing.China’s annual consumer inflation cooled to a 29-month low of 2.2 percent in June versus May’s 3.0 percent, data from the National Bureau of Statistics showed, with a month-on-month CPI fall of 0.6 percent twice the rate of decline expected.

• China Developers Rise as CPI Raises Easing Hope

  China’s property shares rose to the highest in a year after inflation eased to a 29-month low, prompting investor optimism that Premier Wen Jiabao will relax economic policies to boost growth.The gauge tracking developers on the Shanghai Composite Index rose for a third consecutive day, adding 0.6 percent to the highest since July 2011 as of 10:52 a.m. local time, the only industry group to gain among five on the benchmark.

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