All China May new home prices -3.5% y/y (April -4.0%)


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All China may new home prices -3.5% y/y (April -4.0%)

  • All China may new home prices -0.2% m/m (April 0%) – Reuters calculation

No sign of an end on sight for the China property malaise as yet in this data.

Last last week Guangzhou introduced new policies to boost housing market, including

  • fully cancels restrictions on property purchases, resale and prices

There is more data due from China at the top of the hour, mixed results expected:

This article was written by Eamonn Sheridan at www.forexlive.com.

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