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MNI China Press Digest Dec 4: Housing, Logistics, Microchips

MNI picks keys stories from today's China press
Central Bank NewsPolicy NewsPBOCHomepageAPACChinaEM Policy NewsEM Central Bank NewsPeoples Bank of ChinaPolicy StoryStoryRegion
MNI (BEIJING)

Highlights from Chinese press reports on Wednesday:

  • Housing markets in major cities will continue to see considerable sales of second-hand housing into December following the November boom,Yicai.com reported citing analysts. The transaction volume of established housing in Shanghai last month exceeded 27,000 units, setting a new 44-month high, while sales in Suzhou and Hangzhou also exceeded 10,000 units to hit their highest levels this year. Homebuyers in Hangzhou made faster decisions as buyers believe prices have bottomed out, while property owners have reduced listings of resale, the newspaper said.
  • China's logistics industry prosperity index reached 52.8% in November, up 0.2 percentage points from October, data from the China Federation of Logistics and Purchasing (CFLP) showed. Most sub-indices remained above the expansion range of 50, showing the industry was generally good, said He Hui, chief economist at the CFLP. The average profit sub-index hit 46.9% in November, unchanged from October and 0.4 pp and 0.3 pp higher than the second and third quarter averages, demonstrating survival conditions of small and micro enterprises have improved, said Hu Han, deputy chief economist of China Logistics Information Center. (Source: Securities Daily)
  • Major associations representing the semiconductor, internet, automobile and communications industry have called for their member companies to consider carefully U.S. microchip providers while firmly opposing the latest U.S. restrictions, The Paper reported. The China Semiconductor Industry Association said US chips are no longer safe or reliable, while Internet Society of China said it will seek to expand cooperation with chip companies in other countries and regions while actively using chips manufactured in China by domestic and foreign companies, the newspaper said.
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MNI (BEIJING)

Highlights from Chinese press reports on Wednesday:

  • Housing markets in major cities will continue to see considerable sales of second-hand housing into December following the November boom,Yicai.com reported citing analysts. The transaction volume of established housing in Shanghai last month exceeded 27,000 units, setting a new 44-month high, while sales in Suzhou and Hangzhou also exceeded 10,000 units to hit their highest levels this year. Homebuyers in Hangzhou made faster decisions as buyers believe prices have bottomed out, while property owners have reduced listings of resale, the newspaper said.
  • China's logistics industry prosperity index reached 52.8% in November, up 0.2 percentage points from October, data from the China Federation of Logistics and Purchasing (CFLP) showed. Most sub-indices remained above the expansion range of 50, showing the industry was generally good, said He Hui, chief economist at the CFLP. The average profit sub-index hit 46.9% in November, unchanged from October and 0.4 pp and 0.3 pp higher than the second and third quarter averages, demonstrating survival conditions of small and micro enterprises have improved, said Hu Han, deputy chief economist of China Logistics Information Center. (Source: Securities Daily)
  • Major associations representing the semiconductor, internet, automobile and communications industry have called for their member companies to consider carefully U.S. microchip providers while firmly opposing the latest U.S. restrictions, The Paper reported. The China Semiconductor Industry Association said US chips are no longer safe or reliable, while Internet Society of China said it will seek to expand cooperation with chip companies in other countries and regions while actively using chips manufactured in China by domestic and foreign companies, the newspaper said.