Chinese property prices slow slowly

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Chinese house prices for April were out late yesterday and continue to slow slowly. Month on month growth edged up to 0.4% and year on year fell to 4.7%:

Here’s the raw data:

Tier one cities are still falling, tier two holding up best and lower tiers fading as well:

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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.