Richard Drury
By Lynn Song
Property prices continued to decline in July as the bottom remains elusive
The National Bureau of Statistics published the 70-city housing prices for July, which showed home prices continued to decline at around the same
China's Key Growth Indicators Continue To Present A Case For Further Policy Easing
Summary
- Data came in generally in line or slightly weaker than forecasts, as weak confidence continued to depress investment and consumption.
- New home prices fell by -0.65% MoM in July, compared to a -0.67% MoM drop in June.
- It is increasingly looking like the property market will continue to need more policy support to establish a bottom.
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