19.12.2012 - China housing sales: Itís how you count them
Is this a bubble or not? Housing sales in China are back up in November. Well, sort of. Caveats abound on Chinaís economic statistics, including those on the property market. But if there is one thing to remember, itís this: monthly data look very different from yearly data. And yearly is almost always a better guide. Chinese news agency Xinhua said in its headline ďMore Chinese cities see rising home priceď. Thatís true, to an extent. Compared with October, 53 out of the 70 cities in the sample saw house sales increase in November. In October, 35 cities had seen more sales than in the previous month...............................................Full Article: Source
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