China home prices growth fastest in five months, raises policy challenge for Beijing

Average new home prices in China’s 70 major cities rose 0.7% in May from the previous month, picking up from a 0.6% rise in April and the quickest pace since December, according to Reuters.

On an annual basis, home prices increased 10.7 per cent in May, unchanged from April’s growth rate. Beijing has repeatedly urged local governments to keep runaway prices under control, but a recent easing in credit conditions, pent-up demand for housing, and an implicit government mandate to prevent a collapse have kept the market surprisingly resilient.

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BEIJING (Reuters) – New home prices in China rose at their fastest pace in five months in May, complicating government efforts to keep frothy housing markets under control as it rolls out more stimulus for the slowing economy. Average new home prices in China’s 70 major cities rose 0.7% in May from.

People don’t want prices to increase too fast. of September, growth was close to stagnating in 40 major cities across the mainland with the total number of new home sales up by just 1 per cent from.

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BEIJING (Reuters) – New home prices in China rose at their fastest pace in five months in May, complicating government efforts to keep frothy housing markets under control as it rolls out more.

China’s run of disappointing April data underscore the bind facing policy. two-month low. One area that remained strong was property: New-home sales gained 63.5 percent to 793.7 billion yuan ($122.

Average new home prices in China’s 70 major cities rose 0.7% in May from the previous month New home prices in China rose at their fastest pace in five months in May, complicating government efforts to keep frothy housing markets under control as it rolls out more stimulus for the slowing economy.

BEIJING–China’s consumer inflation hit a 15-month. 5% growth in April, the National Bureau of Statistics said. The key inflation reading was in line with a median forecast by economists in a Wall.

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BEIJING (Reuters) – China’s economic growth is expected to cool in 2017 as its top leaders flag tighter monetary policy. as property prices have risen at record rates this year. Data on Monday.

Average new home prices in China’s 70 major cities rose 0.7% in May from the previous month UPDATE 2-China’s home prices growth fastest in 5 months, raises policy challenge Home