China released August property price data over the weekend and the news is boom! Prices rose 1.4% on the month and 7% year on year: Price rises are widespread: It’s now only a handful of top tier cities sitting it out. Those with the most draconian macroprudential measures: Lower tier cities are accelerating: As we saw in
The post China unleashes its property monster appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]