Housing prices in China for May
Beijing new
home prices +13.5% y/y (April +16.0%)
Shanghai new home prices +11.0% y/y (April
+13.2%)
Guangzhou new home prices +19.4% y/y (April +21.6%)
A moderation in house price growth for the m/m data. That should be a welcome development for authorities seeking to curb both house price & debt growth