Chinese house prices bounce along the bottom

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Chinese house prices are bouncing along the bottom. Goldman.


The National Bureau of Statistics’ 70-city house price data suggest the weighted average property price in the primary market decreased by 0.8% mom annualized in January after seasonal adjustments.

Both Tier-1 and Tier-2 cities continued to show sequential increases in primary home prices in January, albeit at a slower pace than in last December.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.