China new home prices rise most in six months as economy reopens: The Straits Times

China new residential home prices rose at the fastest pace in May across major cities as economy reopens after coronavirus shutdowns. This is on the backdrop of the easing of credit with the central bank to stimulate the economy as real estate is seen as a vehicle to accumulate wealth. The surged in demand is also boosted by local government support, and increased in supply and a price reduction.

Source: https://www.straitstimes.com/asia/east-asia/china-home-prices-rise-most-in-six-months-as-economy-reopens

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