China Economics

China Economics Weekly

17 August, 2018

Property prices defy curbs, PBOC props up the RMB

One bright spot in the generally downbeat economic data released this week was a further acceleration in property sales and prices last month. The pick-up was driven by China’s smaller cities, where demand has been propped up by the shantytown redevelopment scheme. With the government now cracking down on shantytown compensation payments though, we think the property market will probably lose some steam over the next few months. Meanwhile, the renminbi has recovered over the past couple of days

Access this publication and more, take our free trial subscription today.

Free Trial

Already a subscriber? Simply log in to view this article.

Save to Library

New Book

Making a Success of Brexit
and Reforming the EU

by Roger Bootle

"Outstanding - engaging - absorbing"
Daily Telegraph

Buy now on Amazon
We use cookies to ensure you get the best experience on our website. Read our Cookie Policy for more information.