Chinese New Home Prices MoM (Dec) -0.4% (prev. -0.4%)
Chinese new home prices remained stable in December with a month-on-month change of -0.4%, matching the previous month's decline.
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Chinese New Home Prices MoM (Dec) -0.4% (prev. -0.4%)
PBoC injects CNY 158.3bln via 7-day reverse repos with the rate maintained at 1.40%
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This consistent downturn could signal ongoing weakness in the Chinese housing market, which has implications for economic growth and potentially influences policy decisions. Investors should monitor how this data fits into broader trends as it might affect market sentiment regarding Chinese equities and related sectors.
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