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The fade continues for Chinese data. This time new home prices which eased to 0.53% on the month and 8.4% on the year:
All city tiers are slowing though lower remains stronger:
Breadth of price gains is falling away at a good pace now, down to 44 cities with rising prices and 26 with flat or falling:
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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.