Annual Growth in Chinese House Prices Slows

Economy

Growth in Chinese house prices slowed in February with the sales prices of newly constructed commercial residential buildings in 70 medium and large cities, monitored by the National Bureau of Statistics, increasing by an average of 5.9% year-on-year, the lowest since June 2018. Sales prices in five cities (Luzhou, Shaoguan, Yueyang, Yichang and Jinan) fell on an annual basis last month.