The ongoing crisis plaguing China's once-booming housing sector is not showing signs of relenting, as the latest government data show that home prices in May fell even faster than the month before.New-home prices in 70 Chinese cities—excluding state-subsidized housing—fell by 0.71 percent in May compared to April, according to figures from China's National Bureau of Statistics reported by Bloomberg and released on Monday.
3 percent, while existing-home value plunged by an even deeper 7.5 percent.The numbers seem to signal that Beijing's recent move to rescue its struggling property sector is yet to make a significant change and turn things into a more positive direction.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
China keeps lending rate unchanged as data show housing market is still strugglingChina has kept a key lending rate unchanged despite signs of continued weakness in the second-largest economy's manufacturing and the property sectors. The central bank kept its rate for 1-year medium-term lending facility loans, used as a benchmark for other lending rates, at 2.5%. The government reported Monday that factory output fell 5.
Källa: AP - 🏆 728. / 51 Läs mer »
'Crisis' Warning Over Housing Market AffordabilityStudy suggests cities could be misguided in their approach to urban and suburban housebuilding.
Källa: Newsweek - 🏆 468. / 52 Läs mer »
Central Ohio couple navigates tough housing market in search for first homeAs the central Ohio area continues to grow, it's getting more challenging to find the perfect, affordable place to live.
Källa: wsyx6 - 🏆 444. / 53 Läs mer »
Williams-Sonoma CEO explains how the company deals with a difficult housing marketIn a Wednesday interview with CNBC’s Jim Cramer, Williams-Sonoma CEO Laura Alber explained how her company handles a tough housing market.
Källa: NBCLA - 🏆 319. / 59 Läs mer »