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China’s official data muddy its housing picture

Posted on 15 August 2011

The outlook for China’s housing sector is both crucially important for the world economy and—because of weakness in the data—very hard to predict. Despite a government push this year for more-accurate home-price data from China’s National Bureau of Statistics, international markets—and most Chinese consumers—remain deeply dubious of the official monthly figures.

July data from the National Bureau of Statistics are due out Thursday, but confidence in the official figures is so low that the markets pay more attention to numbers from a private data provider, the China Real Estate Index System……………………………………….Full Article: Source

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