China says inflation slows to 1.9% in September – and more of Today’s China Real Estate Links | October 16, 2012

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

• China says inflation slows to 1.9% in September

  China’s inflation rate slowed in September, government data showed on Monday, satisfying an official desire to control price gains, but highlighting overall weakness in the world’s second-largest economy. The consumer price index rose 1.9 percent year-on-year, the National Bureau of Statistics (NBS) said, slightly down from 2.0 percent in August.While the figure was in line with a forecast of economists by Dow Jones Newswires, the data showed producer prices — a measure of the cost of goods leaving factories, and a key indicator of price trends — fell 3.6 percent year-on-year.

• China’s trade climbs in Sept amid bottoming-out

  China’s exports significantly expanded in September while imports resumed growth after a decline in August, suggesting a recovery in overseas markets and a moderate improvement of domestic demand amid a bottoming-out in the world’s second largest economy.Economists and analysts are still cautious about China’s foreign trade outlook owing to the medium and long-term pressure from the festering EU debt crisis and worrisome fiscal outlook in the US despite improvement in overseas demand. China’s exports increased by 9.9 percent in September from a year earlier, a record monthly high and much higher than the 2.7-percent growth in August. Imports, meanwhile, stepped out of the 2.6-percent fall in August, registering a gain of 2.4 percent in September, according to data from the General Administration of Customs on Saturday.

• China Central Bank Says Priority is Keeping Prices Stable

  China’s central bankers on Sunday allowed some public and direct insight into their thinking. A top official of the People’s Bank of China delivered remarks to those who had been attending a joint meeting of the International Monetary Fund and World Bank in Tokyo. The deputy governor of the People’s Bank of China, Yi Gang, says the priority for monetary authorities in Beijing is on stable prices and they want to pursue a sustainable path of economic development.China’s next stimulus package – focused on expanding the country’s transportation infrastructure, will be an appropriate one, according to Yi.

• China nearly meets 2012 cheap housing target

  China had started construction on 7.2 million affordable homes by the end of September, completing 97 percent of the full one-year target, the Ministry of Housing and Urban-Rural Development said.China has finished building 4.8 million units of affordable housing as of the end of September with total investment of 960 billion yuan ($152.94 billion), the ministry said in a statement on its website, www.mohurd.gov.cn.Construction of affordable housing for ordinary city dwellers is a crucial part of Beijing’s policies to cool property prices and support the slowing economy.

• Rights Group Notes Dramatic Rise in China’s Forced Evictions

  Land seizures in China are becoming the greatest source of public dissent spurring social unrest in many parts of the country, according to rights watchdog Amnesty International.Amnesty International says acceleration in forced evictions and land grabbing is largely due to growing pressure on provincial and city governments to stimulate the economy.“Forced evictions are currently the biggest source of public discontent in China today,” said Nicola Duckworth, who authored the Amnesty report.

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