Strong Annual Growth in Chinese House Prices Continue

Economy

Chinese house price growth remained robust in July, with the sales price of newly constructed commercial residential buildings increasing by 9.3% year-on-year on average across the 70 medium- and large-sized cities monitored by the country’s National Bureau of Statistics. This compares with growth of 9.6% in June. Prices rose on an annual basis in all 70 cities in July, although some saw slightly falls month-on-month.