China home prices growth fastest in five months, raises policy challenge for Beijing

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CHINESE LUNCH TOUR THROUGH 500 YEAR OLD HOMES OF BEIJING - Hutong Tour BEIJING–Consumer and producer prices decelerated sharply in China last month, compounding the challenge for Beijing in boosting sluggish. over deflation as domestic demand weakens and economic.

China’s home-price gains accelerated last month as the nation’s economic hubs such as Beijing. Gains were led by a 5.4 percent jump in the port city of Xiamen in southern Fujian province, followed.

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China’s new home prices rose 0.7% month-on-month in May, picking up the pace slightly from a 0.6% gain the previous month, Reuters calculated from National Bureau of Statistics (NBS) data published on Tuesday.

Average new home prices in China’s 70 major cities rose 0.7% in May from the previous month China’s home prices growth fastest in 5 months, raises policy challenge Home

On an annual basis, home prices increased 10.7% in May, unchanged from April’s growth rate. Beijing has repeatedly urged local governments to keep runaway prices under control, but a recent easing in credit conditions, pent-up demand for housing, and an implicit government mandate to prevent a collapse have kept the market surprisingly resilient.

“Further policy easing may be needed if trade frictions between China. home buyers edged up 5 basis points in the first quarter to 5.69%, central bank data showed. The government has ratcheted up.

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