- Prices for new homes in first-tier Chinese cities climbed over 15% in December, highlighting the failure of local property restrictions to cool the sector.
- Valuations jumped 20% on year in the southern business hubs of Guangzhou and Shenzhen, 18% in Shanghai and 16% in Beijing.
- Prices increased in 69 of the 70 cities tracked by the government.
- Meanwhile, Shanghai has set a growth target of 7.5% for this year vs an expansion of 7.7% in 2013, with the city looking to its new free-trade zone to help boost its economy. Shanghai's goal is the same as last year, although at least nine Chinese provinces have cut their targets.
- ETFs: FXI, GXC, PGJ, FXP, CYB, YINN, CNY, TAO, CHIQ, CHIX, YANG, PEK, MCHI, XPP, YAO, DSUM, CHXX, CHII, CHXF, FXCH, YXI, CHIM, ASHR, KFYP, FCA, TCHI, CHLC, CHNA
Chinese housing sector continues to sizzle
Jan 19 2014, 01:33 ET