e-magazine
Investing in Resilient Growth
China adds new vitality to global governance during Brisbane G20 Summit
Current Issue
· Table of Contents
· Editor's Desk
· Previous Issues
· Subscribe to Mag
Subscribe Now >>
Weekly Watch
Expert's View
World
Nation
Business
Finance
Market Watch
Legal-Ease
North American Report
Forum
Government Documents
Expat's Eye
Health
Sci-Tech
Lifestyle
Books
Movies
Backgrounders
Special
Photo Gallery
Blogs
Reader's Service
Learning with
'Beijing Review'
E-mail us
RSS Feeds
PDF Edition
Web-magazine
Reader's Letters
Make Beijing Review your homepage
Hot Links

Market Avenue
eBeijing

ECONOMY
THIS WEEK> THIS WEEK NO. 48, 2014> ECONOMY
UPDATED: November 24, 2014 NO. 48 NOVEMBER 27, 2014
Home Price Decline
Share

Home prices in most Chinese cities continued to drop in October despite easing restrictions, official data showed on November 18.

New housing prices in 69 of 70 major cities showed month-on-month drops in October, the National Bureau of Statistics (NBS) said.

Only Zhengzhou, capital of central China's Henan Province, avoided the trend, with prices remaining flat from the previous month.

This latest data marks the sixth consecutive monthly drop in the residential property market.

On an annual basis, house prices in 67 out of the 70 cities were lower from a year ago.

"The pace of decline was eased following mortgage policy adjustments and efforts to cut housing inventories," said Liu Jianwei, a senior statistician at the NBS.

"New measures are expected to push sales of inventories in case of a further price slump," said Kuang Xianming, Director of the Economic Research Center at the China Institute for Reform and Development.



 
Top Story
-Contributing to Global Growth
-A Chinese-Style Asia-Pacific Partnership
-Special Coverage: Improving International Relations
-The Dawn of Big Data
-A Conflict of 'Interest'
Most Popular
在线翻译
About BEIJINGREVIEW | About beijingreview.com | Rss Feeds | Contact us | Advertising | Subscribe & Service | Make Beijing Review your homepage
Copyright Beijing Review All right reserved