China's home price rises slower in June

Monday, 18/07/2016 | 08:08 GMT

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China's home price rises slowed for the month of June, thus increasing the fears that the construction industry of the nation is somehow unsustainable.

China depends on its property market

The world's second-biggest economy depends heavily on the property market, as it is a key driver of financial growth and stability.

The weaker growth in the coming months seems closer, while the smaller cities face serious issues on home prices.

Moreover, as per an official survey today, China's home prices, in 70 major towns, climbed 7.3% in June, slightly higher than May's 6.9% appreciation.

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Source: https://www.argusfx.com/en/research-education/market-analysis/news/china-s-home-price-rises-slower-in-june

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