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MNI China Press Digest Nov 16:Property, PBOC, Industrial Data


Highlights from Chinese press reports on Thursday:

  • The real-estate market could gradually stabilise as developers accelerate sales promotions at year-end and the recovery of second-hand home transactions in core cities feeds through to new homes, alongside the low base from the same period last year, said Chen Wenjing, market research director at China Index Academy. The sales area in square meters and the sales volume of commercial housing dropped by 7.8% and 4.9% y/y in the first 10 months, both recording their largest declines during the year, data by the National Bureau of Statistics showed. (Source: 21st Century Business Herald)
  • The People’s Bank of China will encourage the development of higher risk green financing using private equity, venture capital and M&A funds, according to a recent article on the banks’ website. Authorities will guide investors to support green economic activities and enhance both the carbon market’s liquidity and pricing mechanism. China will gradually roll out financial standards and products to improve green financing, the article added. (Source: Yicai)
  • China’s industrial production beat expectations in October but the new orders index dropped by 1pp which indicates the sector faces insufficient demand, according to Zhou Maohua, macro researcher at China Everbright Bank. Authorities need to stabilize growth and expand domestic demand given recent data results, Zhou added. In Q4, analysts expected industrial production to rise steadily given low base effects from last year. China’s growth in industrial production has outpaced performance of the PMI production index this year due to the upstream effects of the raw material and the automobile industry. (Source: 21st Century Herald)
MNI Beijing Bureau |
MNI Beijing Bureau |

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