Chinese property prices head for slow melt

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China house prices are out for December and the correction is proceeding much as expected. Prices rose 0.4% on the month and actually lifted slightly in the year to 5.3%:

Cities with flat or falling prices fell away to 15 of 70:

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But the rises are mostly muted:

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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.