Bringing down the house (prices)
Subscribe to keep reading.
Trivium Markets keeps you briefed on the latest developments in China markets policy.
Already a subscriber? Log in.
On Wednesday, the stats bureau (NBS) dropped April housing price data.
The verdict: Oof.
In the 70 first-, second-, and third-tier cities monitored, average new home prices dropped:
0.3% m/m – the first m/m decrease in five months.
0.1% y/y – the first y/y decrease in 6.5 years.
Some context: Chin...