Home prices in China fell 1.2% m/m in September, even more in y/y terms | Forexlive
There has been a huge amount of Chinese economic data released now that the Communist Party Congress has finished:
Home prices also (numbers are Reuters calculations):
- -1.2% m/m …. Update, Reuters amend their calculation to -0.2% m/m, the y/y remains the same
- -1.5% y/y
The drops are showing the impact of China’s debt-ridden collapsing property market