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China’s economy further stabilised in October, with more stimulus ahead
The National Bureau of Statistics kicked off the day of data releases in China with October's 70-city property prices still in decline but showing signs of improvement. New home prices fell by -0.51% month-on-month, up from -0.71% MoM in September, while secondary home prices fell by -0.48% versus a -0.93% MoM move the prior month. The rate of the decline was the smallest since March for new home prices, and the smallest since September 2023 for the secondary market. An encouraging sign was that 11 of the 70 cities saw secondary market prices stabilise or increase, which was far and away the best read of the year. ... (full story)
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- Posted: Nov 15, 2024 11:45am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,235
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