China turns a corner

A recent rise in property prices could do much to appease pessimism over the world’s second-largest economy.

Summary: The Chinese property market is picking up. The chief economist at China’s central bank says real estate sales have improved “significantly”. Prices are rising across the four largest cities and prices in some second-tier cities are also lifting, although the improvement is not completely broad-based yet.

Key take-out: If recent signs of improvement in the property sector are maintained, this may do much to appease the incessant pessimism over China.

Key beneficiaries: General investors. Category: Economy.

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