China property price bifurcation persists

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From CREIS comes more Chinese property price bifurcation:

China Index Research Institute report: According to China Real Estate Index System 100 city price index data for the full sample survey of 100 cities new housing, in January 2016, 100 cities nationwide (new) residential average price of 11,026 yuan / square meter, It rose 0.42%, or 0.32 percentage points last month to narrow. Change the number from the city, the 60 cities rose, the chain fell 39 cities, a city flat. Compared with the previous month, prices rose this month the number of cities increased 9, which rose more than 1% of the city 17, unchanged from last month; the month prices were down 6 to reduce the number of cities, which decline in more than 1% … 
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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.