China property price falls accelerate

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China July new home prices -0.9% month on month after falling 0.5% in June. They are now up just 2.5% year on year down from 4.2% in June. July new home prices fell month on month in 64 cities from 55 in June and 3 cities fell year on year, up from 1 in June.

Accelerating slide…

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.