China house prices continue bounce

Friday 18 September 2015

China’s official 70 city house price data for August is out and shows more recovery with a 0.3% month-on-month rise:

The rate of appreciation is still slow and may be slowing but it’s too early to say. Year-on-year prices are still down -2.3%, which is still below all previous corrections:

35 cities saw price gains and 26 saw price falls:

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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.