All
 

 

Just in:  

You are here: Home»Business»Real Estate»China says housing market slowed in September

china-flagSHANGHAI: Fewer Chinese cities reported rises in home prices in September than the previous month, official data showed Thursday, as the government stood by its stance of controlling property speculation.

 

Prices in 31 out of 70 cities tracked by the government rose month-on-month, the National Bureau of Statistics said in a statement, down from 36 cities in August.

 

Prices of new homes dropped on the month in 24 cities and remained unchanged in the remaining 15 cities, it said.

 

"Currently the property market is generally stable," statistics bureau spokesman Sheng Laiyun told reporters at a briefing in Beijing. "The price trend of 'declining while stabilising' was extended."

 

China has implemented measures to control property prices for more than two years, including prohibitions on buying second homes, mandating higher minimum down-payments and imposing property taxes in some cities.

 

The house market had shown signs of recovery in recent months, after China slashed interest rates twice and lowered the amount of cash banks must keep in reserve to encourage lending and boost the economy.

 

But government officials have repeatedly said that property control measures aimed at bringing down home prices to a "reasonable" level would remain for now.

 

"We have achieved some initial results in regulation of the property market... We must unswervingly continue the control measures," Premier Wen Jiabao was quoted Wednesday by the official Xinhua news agency as saying.

 

Copyright AFP (Agence France-Presse), 2012


 



 
Index Closing Chg%
Arrow DJIA 17,071.22 0.25
Arrow Nasdaq 4,505.85 0.14
Arrow S&P 1,977.80 0.25
Arrow FTSE 6,646.60 0.04
Arrow DAX 9,422.91 0.71
Arrow CAC-40 4,358.07 0.83
Arrow Nikkei 16,310.64 0.50
Arrow H.Seng 23,229.21 1.90
Arrow Sensex 26,597.11 0.11





where to buy

cheap wedding dresses

online - weddingdresstrend.com


Banking Review 2013


Buy new style hair wigs at cheap price on Ishowigs.com

Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln