Chinese Autumn property sales season down 15%

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Cross-posted from Investing in Chinese Stocks.

Ifeng reports that real estate sales across 54 cities may have fallen 15% year on year during the Mid Autumn Festival holiday, based on a Centaline forecast extrapolated from Saturday sales data.

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.