Chinese House Price Growth Cools at the Start of 2016
- New home prices rose in 38 of 70 Chinese cities in January
- Prices rose 10.3% y/y in Beijing, 17.5% y/y in Shanghai
- Traders worry Chinese stimulus may stoke housing bubble
Losing money trading forex?Our “Traits of Successful Traders”report may explain why.
New home prices rose 1 percent month-over-month in Beijing and 2.2 percent in Shanghai in January. Year-on-year gains were 10.3 and 17.5 percent respectively. On the whole, 38 out of the 70 cities monitored saw real estate price inflation compared with 39 in December.
China has implemented accommodative measures to stoke growth in the housing market. Financial news outlets have expressed concern that the government should be cautions with its stimulus so that it does not spur a speculative housing bubble.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.