Chinese house prices reaccelerate

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Hmm, Chinese house prices are out today and there’s life in this sucker yet. Monthly gains accelerated for the fourth straight month to 0.7% though year on year was flat at 4.7%:

Here is the raw data:

The seventy city price balance chart shows a reasonably broad-based acceleration:

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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.