iFeng: 11月京二手房网签环比增47% 降息春风渐暖楼市
Existing home sales in Beijing climbed 47% month-on-month in November (measured by recorded sales on govt website), but new home sales did not pick up from October's peak. New home sales not including affordable housing and owner-built units were up more than 40% mom, but only 4% yoy.
Growth in Spending Exceeds Growth in Income for Most of the Last 10 Months
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A deeper dive into personal income and outlays for March shows significant
signs of consumer stress to maintain standards of living.
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