News Snapshot:
China: Housing sector remains depressed in April May 20, 2022 House prices in 70 large- and medium-sized cities fell 0.2% month-on-month in April, according to a weighted average index calculated by Refinitiv from data issued by the National Bureau of Statistics (NBS), following March’s 0.0%. Meanwhile, house prices increased 0.7% annually in April, down from March’s 1.5% increase. Annual average growth in house prices eased to 3.1% in April, from 3.5% in the previous month. Other housing market indicators were also downbeat in the month. In the year to April, sales of commercial buildings, new residential housing starts and real...
