1. LINE

      Text:AAAPrint
      Economy

      Property market recovery gains pace

      1
      2015-08-19 09:07Global Times Editor: Li Yan

      Rebound in demand, easier monetary policy lift sector

      Prices of new and existing homes in China's large and medium-sized cities gained ground last month as the government's easier monetary policies kicked in, the National Bureau of Statistics (NBS) said Tuesday, suggesting a sustained recovery.

      Prices of new homes (excluding subsidized units) posted a month-on-month increase in 31 of the 70 cities monitored in July, compared with 27 cities in June, the NBS said.

      Another 29 cities recorded month-on-month price drops in July, it said.

      Data released by the NBS showed that new home prices rose in all of the first-tier cities with Shenzhen gaining the most, up 6.3 percent month-on-month, and Shanghai in last place, up 1.9 percent from June. The other first-tier cities are Beijing and Guangzhou.

      The vast majority of second-tier cities witnessed slight month-on-month price increases as well, while most third-tier cities saw price drops in July.

      For existing homes in July, prices climbed in 39 cities and fell in 18, leaving 13 cities flat. Shenzhen followed by Beijing and Shanghai rose most, gaining 5.3 percent, 2.6 percent and 1.6 percent, respectively, on a monthly basis. In June, existing home prices rose in 42 cities and fell in 20.

      "A rebound in property demand as well as easy monetary policies have contributed to a warming-up in the property market," Xu Gao, chief economist at Everbright Securities Co, told the Global Times Tuesday. "The recovery will continue."

      Commercial housing sales reached 599.14 million square meters in the first seven months, up 6.1 percent year-on-year, according to data released on August 12 by the NBS.

      The central bank has launched four rounds of benchmark interest rates cuts since November and two rounds of overall banks' reserve requirement ratio cuts this year amid the continued economic slowdown.

      Xu forecast that the government would maintain easy monetary policies to boost the property market, a key factor in stabilizing the economy.

      On a yearly basis, new home prices fell in 67 cities while rising in only three including Shenzhen, Shanghai and Beijing. Shenzhen jumped the most, recording 24 percent year-on-year growth. For existing homes in July, 65 cities witnessed year-on-year price declines while five saw prices increase on a yearly basis.

      China's property market has been weakening since 2014 caused by falling demand and strict restrictions on the sector.

        

      Related news

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      News
      Politics
      Business
      Society
      Culture
      Military
      Sci-tech
      Entertainment
      Sports
      Odd
      Features
      Biz
      Economy
      Travel
      Travel News
      Travel Types
      Events
      Food
      Hotel
      Bar & Club
      Architecture
      Gallery
      Photo
      CNS Photo
      Video
      Video
      Learning Chinese
      Learn About China
      Social Chinese
      Business Chinese
      Buzz Words
      Bilingual
      Resources
      ECNS Wire
      Special Coverage
      Infographics
      Voices
      LINE
      Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.
      主站蜘蛛池模板: 一个人看www免费高清字幕| 久久精品国产亚洲AV电影| 青草青草视频2免费观看| 亚洲级αV无码毛片久久精品| 国产亚洲精品第一综合| 国产福利视精品永久免费| 5555在线播放免费播放| 日韩精品一区二区亚洲AV观看| 免费福利电影在线观看| 久久青青草原亚洲AV无码麻豆| 未满十八18禁止免费无码网站| 女人让男人免费桶爽30分钟| 亚洲一区欧洲一区| 大学生高清一级毛片免费| 人人狠狠综合久久亚洲| 亚洲高清无码综合性爱视频| 亚洲AV综合色区无码一区| 99精品热线在线观看免费视频 | 亚洲a无码综合a国产av中文| 成人无码精品1区2区3区免费看| 综合亚洲伊人午夜网 | 久久久久久国产精品免费无码| 亚洲AV中文无码乱人伦下载| 114级毛片免费观看| 亚洲娇小性xxxx色| 国产福利免费观看| 十八禁视频在线观看免费无码无遮挡骂过| 久久久综合亚洲色一区二区三区| 黄在线观看www免费看| 国产精品日本亚洲777| 亚洲精品国偷自产在线| 免费阿v网站在线观看g| 免费国产va视频永久在线观看| 亚洲va国产va天堂va久久| 岛国大片免费在线观看| 国产V片在线播放免费无码 | 亚洲人成人无码网www国产| 亚洲hairy多毛pics大全| 国产92成人精品视频免费| 亚洲av无码一区二区三区人妖| 亚洲人成人77777网站|