China property news turns positive
As China's stimulation measures take effect, commentators are focusing on long-absent positives in the property sector.
Industry data seem to suggest that the first round of government measures aimed at reviving China's ailing property sector, including the deep cuts in interest rates, are having an impact. The Shanghai city government has reported that the nunber of new homes sold in November was 47% higher than the number sold in September and 36% higher than in October. Sales of existing homes in Shanghai were up 68% in November compared to the previous month. In Chongqing, sales volumes...
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