Logo 16 Aug 2022

Is there a bottom to this thing?

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On Monday, the National Bureau of Statistics published the July econ data for the property sector.
Spoiler alert: Things ain't looking good.
Sales volumes were down again, falling by 23.1% y/y compared to a 22.2% y/y drop in June.

Sales by value improved marginally, dropping 28.8% y/y compared to a...