China shows signs economic recovery taking shape – and more of Today’s China Real Estate Links | October 19, 2012

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

• China shows signs economic recovery taking shape

  China’s economic growth tumbled to the lowest in more than three years in the latest quarter but retail sales and other activity accelerated in a sign a recovery from the painful downturn is taking shape.

  The world’s second-largest economy grew by 7.4 percent in the three months ending in September, below the Communist Party’s 7.5 percent target for the full year, data showed Thursday. That was down from the previous quarter’s 7.6 percent and the lowest since the first quarter of 2009 in the midst of the global crisis.

• Apple retail chief John Browett confirms future Shenzhen Apple Store

  In guiding a tour of Apple’s soon-to-open Wangfujing retail location, the company’s senior vice president of retail John Browett confirmed a fourth Chinese store is being built in Shenzhen, where Foxconn and other manufacturing partners operate fabrication plants.

  During Thursday’s small media preview, Browett described Apple’s commitment to the China, a developing market seen as an integral player in the company’s continued growth, reports The Next Web.

• China Sept home prices flat on month, investment slows

  Home prices in China were broadly flat last month from August, calculations based on official data showed on Thursday, halting two months of upticks in a sign that government efforts to maintain strict controls on speculative activity are working.

  Prices gained just 0.01 percent in September compared with August, following monthly gains of 0.1 percent in both August and July. Year on year, home prices across China fell 1.3 percent, according to calculations from official data.

• China’s housing rebound pauses as prices drop in 24 cities

  The rebound in China’s housing market has hit an air pocket, according to data for September, released Thursday.

  Of 70 cities tracked, 31 urban centers saw price gains during the month, down from 36 cities that reported gains in August, according to National Bureau of Statistics data reported by the Xinhua News Agency.”

• China Power Output Falls to Four-Month Low Amid Slowing Economy

  China’s power output in September fell to the lowest level in four months as economic growth slowed for a seventh quarter.

  Electricity production was 391 billion kilowatt-hours, the least since 390 billion in May, data from the National Bureau of Statistics showed today in Beijing. The figure was down 11 percent from August and up 1.5 percent from a year ago, according to the data.

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