Here is a list of the day’s latest China real estate news collected from around the web:
-
China’s Stocks Drop Most in 10 Weeks Led by Real Estate Firms
China’s stocks fell the most in 10 weeks on speculation the government won’t ease monetary policy as quickly as anticipated and after Citigroup Inc. said the economic growth slowdown will extend into next year. Poly Real Estate Group Co. plunged 6.7 percent, leading declines for property developers, after Chinese home sales slumped.
-
China House Price Rise Shows Few Signs Of Cooling
Chinese property prices may have risen for a third straight month in August, as buyers continue to pour in off the sidelines in defiance of central government efforts to bring stability to the market. The National Bureau of Statistics is scheduled to release August property data at 0930 local/0130 GMT Tuesday. There’s a possibility that the momentum of rising price rises seen during June and July slowed in August. But it’s only a slim one, with market participants saying two rate cuts over the summer have lit a fire under prices that Beijing has so far failed to put out.
-
Fears of Deflation as China’s Economy Cools Down
China’s rapidly slowing consumer inflation and falling industrial output prices are a potent reminder to economists of the potential risk of deflation, a sign of recession regarded as worryingly negative. “Deflation” means a constructive decrease in the price of goods and services over a relatively long term. Concerns about it started in June when the Consumer Price Index dropped to less than 3 percent for the first time in more than three years. The annual CPI, a main gauge of inflation, bounced back to 2 percent in August, ending a five-month straight decline, according to the National Bureau of Statistics.
Leave a Reply