Home Prices Decline in 64 of 70 Tracked Chinese Cities; Asymmetric Central Bank
February 17, 2015Spread the love
Bloomberg reports China Property Recovery Fails to Gain Traction With Prices Dropping . Prices fell in 64 cities from the previous month, compared with 65 in December, and were unchanged in four, according to data from the bureau of statistics on Tuesday. Average prices fell 5.1 percent from a year earlier, the biggest drop on record, according to Tom Orlik, chief Asia economist at Bloomberg Intelligence.
More here:
Home Prices Decline in 64 of 70 Tracked Chinese Cities; Asymmetric Central Bank
