China House Prices in July
- -3.9% m/m (prior 0%)
- this is one of the biggest monthly declines on record
- -0.1% y/y (prior 0%)
Among China's 70 major cities:
- 20 cities saw new home price rise m/m in Jul, vs 31 in June
- 6 cities saw 2nd-hand home price rise m/m in July, vs 7 in June
Earlier from China:
- PBOC sets USD/ CNY reference rate for today at 7.1986 (vs. estimate at 7.2878)
- The OMO injection noted in that post is the biggest since February
