China February 2025 New Home Prices fall 4.9% y/y and fall 0.1% m/m

China February 2025 New Home Prices

fall 4.9% y/y

• January was a fall of 5% t/t

and fall 0.1% m/m

• January was 0% change m/m

Earlier re China:

• PBOC sets USD/ CNY reference rate for today at 7.1688 (vs. estimate at 7.2199)
  • Strongest for CNY since November 2024.

• Weekend media – China should choose the right timing and force in easing monetary policy
• Weekend – China city Shenzen announced eased housing finance rules
• ICYMI: $US3 to 5 billion in US beef, pork and chicken trade to China is at risk
• Weekend – China released a 30-point plan aimed at boosting domestic consumption

This article was written by Eamonn Sheridan at www.forexlive.com.