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CBA Note Mixed Household Spending Intentions

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CHINA PRESS
CHINA PRESS: China should monitor the excessive housing price increases in
tier-3/4 cities, Xinhua News Agency said in a commentary. Last month, property
prices in several tier-3 cities gained  over 9.0% y/y, Xinhua said citing
official data. The continuous outflow of population in the smaller cities
doesn't support the rising prices of residential properties, Xinhua said, citing
people it didn't identify. Local government's regulations should prevent
speculative investment and improve effective housing supply, Xinhua added. 

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