China May new home prices growth fastest in five months

Average new home prices in China’s 70 major cities rose 0.7% in May from the previous month, picking up from a 0.6% rise in April and the quickest pace since December, according to Reuters.

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4 days ago · Average new home prices in China’s 70 major cities grew 0.6% in June from a month earlier, easing from a 0.7% gain in May, according to Reuters calculations based on National Bureau of.

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First-quarter growth was the fastest since. a bid to get soaring home prices under control. Beijing also is continuing to rely heavily on new credit to generate growth as productivity slows,

The average new home prices in China’s 70 major cities rose 0.7% in May from the previous month, picking up from a 0.6% rise in April and the quickest pace since December, according to Reuters calculations based on National Bureau of Statistics (NBS) data on Tuesday.

A reading above 50 indicates growth, and a reading below signals contraction on a monthly basis. New business increased at the fastest pace since May. at home and abroad. The survey also showed.

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Meanwhile, the Department of Commerce reported that new home sales in May came in at 626,000, down 7.8% sequentially and marking its lowest level in five months. China’s official. This was the.

It’s pushed up pork prices and boosted demand for alternative meats. “It’s our fastest. this month. The reduction this year in China’s hog supplies may exceed 30%, Jack C. Bendheim, chairman and.

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BEIJING (Reuters) – China’s services sector activity expanded at its fastest pace in over three years in December on solid growth in new business, with the outlook improving to a six-month. at home.

March retail sales rose 10.1 percent from a year earlier, slightly more than expected and the strongest pace in four months, with consumers buying more of almost everything from cosmetics to furniture.

For the full year, profits surged 21 per cent to 7.519 trillion yuan (S$1.5 trillion), the fastest. demand. China’s one-week Lunar New Year holiday starts from Feb 15. Chinese steel prices fell.

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