The first 10 days of data are in, and Beijing homes sales fell 26 percent from the first 10 days of September.
iFeng: 11月上旬北京新房网签量较9月上旬下降26%
Personal Income increased 0.3% in February; Spending increased 0.8%
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From the BEA: Personal Income and Outlays for February:
*Personal income increased $66.5 billion (0.3 percent at a monthly rate) in
February*, according t...
Maybe things work differently in China, but isn't that really *really* bad?
ReplyDeleteIt's better than October when sales were down 30-40%. Beijing isn't critical to the overall market except as a bellwether. Cities such as Wuhan, Hangzhou, Nanjing and Hefei are the ones to watch right now.
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