"Industrial production … is falling at the fastest pace since the financial crisis, and deteriorating demand is evident as the region finds itself squeezed between international and domestic drags." #markets pic.twitter.com/lwQYDkpxtP
— Mohamed A. El-Erian (@elerianm) February 13, 2019
— Kyle Bass (@Jkylebass) February 13, 2019
#China’s #housing market continues cooling trend in new year.Major developers reported significant declines in home sales in January.In the week-long Spring Festival holiday, new homes sales declined by 56% y/y in 17 major Chinese cities.
China’s real estate market is cooling further, adding more pressure on a sector already losing steam hit by a prolonged policy tightening and concerns about a slowing economy.
As of February 12th, 26 real estate developers tracked by the Centaline Property reported a 13.6 per cent decline in combined contracted sales, compared to the same period last year. In addition, more than 30 of the top 100 developers saw sales drop year-on-year, among which, 16 developers’ sales dropped by more than 30 per cent.
China new home sales decline by 56 per cent during Lunar New Year holidayt.co/1AstVkZkPu
— Sven Henrich (@NorthmanTrader) February 13, 2019