China's housing market is showing stronger-than-expected recovery as the economy emerges from the coronavirus shutdown, triggering a rally in developers' stocks.
The house market has so far recovered to the highest level since 2019, said the Centaline Property Agency in a report.
In particular, home transactions in Beijing, Shenzhen and Guangzhou increased further on a month-over-month basis in June, to a level largely in line with the same period last . . .
To continue reading, please subscribe. You will get
- IN-DEPTH & DATA-DRIVEN reporting about key trends in China's economy and financial markets
- THE WIRE - up-to-the-minute updates of market-moving news and views. We want you to be the first to know it when something important happens.
- DETAILS - We bring you details that you won't find elsewhere. General information is everywhere, but information with details and relevant to your investment is rare.
We highly value independence. We are solely funded by subscriptions from intelligent readers like you.
Already have an account? Sign In