China buries crashing real estate data

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Two of China’s private data agencies skipped releasing monthly home sales figures without explanation, clouding the outlook for a key segment of Asia’s largest economy after fresh turmoil triggered by state-backed developer China Vanke Co.

China Real Estate Information Corp. and China Index Academy, which are among the country’s biggest private property data providers, didn’t disclose the combined sales of the nation’s 100 largest developers for November on Sunday. The two agencies, which usually release the data on the last day of every month, didn’t provide a reason.

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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.