China Property Prices

Property prices and bank lending heat up China’s economy

China's inflation has accelerated as bank lending exceeded estimates and property prices jumped by a record, increasing pressure on the government to raise interest rates and let the currency appreciate. Consumer prices rose 2.8 per cent last month from a year earlier, the fastest pace in 18 months, while real estate prices jumped 12.8 per cent, the statistics bureau said yesterday. Meanwhile, new...

China property price gains unsustainable, says S&P

China's property market will probably go through a "more meaningful correction" this year because the price gains in 2009 aren't sustainable, according to Mr Christopher Lee, corporate ratings director at Standard and Poor's. The outlook for the Chinese market is "neutral" for this year, Mr Bei Fu, an associate director of corporate ratings at S&P, said during a conference call with Mr Lee on...

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