Bifurcation is not only occurring between the rich (first-tier) and poor (third- and fourth-tier) cities in China. It is also occurring within the first-tier cities.
New homes larger than 144 sqm saw their prices increase 9% in August.
iFeng: 北京大户型住宅价格走强 上月同比上涨9%
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Personal Spending Jumps More than Income in March
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Disposable (after tax) income rose 0.5 percent in March. Real (inflation
adjusted) income rose 0.2 percent. The rise in spending outpaced the rise
in income.
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