Source: NBS, ChinaScope
Financial (Data)
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Data from the National Bureau of Statistics (NBS) show that among
70 large-and medium-sized cities in January 2012, 48 cities posted drop in new
home prices, whereas in 22 cities, prices remained unchanged, showing that
prices of new commercially developed homes stopped rising in January compared
to December 2011.
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Moreover, in January 2012, second-hand home prices dropped in 54
cities and remained unchanged in 11 cities when compared to data from the previous
month. Prices rose in only five cities, which are Guiyang, Zunyi, Shaoguan,
Xiangyang and Jining, with a growth rate below 0.1%.
Despite dropping month-on-month, the new housing price indices rose
year-on-year in most cities
Fluctuations in second-hand housing price indices differ greatly in
various cities
Other News Headlines:
n PBOC Announces the First Reserve Ratio Cut of This Year
n New Home Prices Stopped Rising in Jan.
n China’s Social Financing in Jan. Dropped 45.6% YoY
n Commercial Banks: Non-performing Loans at CNY 427.9 Billion, while Profit Stood at Over CNY 1 Trillion
n Sino-U.S. USD 4.3 Billion Soy Bean Orders Signed
n Vipshop.com: Launches IPO Application to Cover Loss at the Right Moment
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