China Responds to Shifts in Housing Market with Updated...
China News
May 17, 2023
In the first 4 months of the year, the Statistics Bureau says the growth in the value of homes sold significantly outperformed housing sales by floor area, so it would seem people's economic confidence is coming back and they're trading up even when the prices are rising. The country's real estate development climate index climbed for the fourth consecutive months to 94.78 in April, but that was still slightly lower than the 96-plus reading from the same period last year.