Animal spirits and property
Subscribe to keep reading.
Sign up to stay briefed on what the Chinese government is doing, thinking, and saying.
Already a subscriber? Log in.
We are not giving up on the real estate market just yet.
Analysts are focused on the fact that fewer cities saw m/m price rises in May.
The reality: The number fell to 56 cities from 58 in April. That’s not exactly a huge slump.
To us, it looks like animal spirits are still alive.
At least...