CHINA FEBRUARY 2025 NEW HOME PRICES FALL 4.9% YoY, 0.1% MoM

CHINA FEBRUARY 2025 NEW HOME PRICES FALL 4.9% YoY, 0.1% MoM
CHINA FEBRUARY 2025 NEW HOME PRICES FALL 4.9% YoY, 0.1% MoM

CHINA FEBRUARY 2025 NEW HOME PRICES FALL 4.9% YoY, 0.1% MoM

New home prices fell 4.9% YoY and 0.1% MoM in February.

The housing sector remains under pressure, with January showing a 5% YoY decline.

PBOC set USD/CNY reference rate at 7.1688, the strongest since November 2024.

Shenzhen eased housing finance rules, and China released a 30-point plan to boost consumption.