China house price data, up 0.58% m/m for August
- compared with +0.59% in July
Barely any difference.
Authorities in China are always walking a fine line with stimulus efforts, execially on o monetary policy. They'd like easy financing to flow through to the 'real economy' (making stuff and services) but not so much to property speculation. Such slow growth in house prices would have to leave them reasonably content?
