{"id":1973804,"date":"2023-07-15T08:01:02","date_gmt":"2023-07-15T12:01:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/china-june-new-home-prices-flat-in-weakest-showing-this-year\/"},"modified":"2023-07-15T08:02:43","modified_gmt":"2023-07-15T12:02:43","slug":"china-june-new-home-prices-flat-in-weakest-showing-this-year","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/china-june-new-home-prices-flat-in-weakest-showing-this-year\/","title":{"rendered":"China&#8217;s new home prices in June remained unchanged, marking the weakest performance of the year."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fchina-june-new-home-prices-flat-in-weakest-showing-this-year%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1973804&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p><strong>China&#8217;s New Home Prices Remain Unchanged in June, Putting Pressure on Policymakers<\/strong><\/p>\n<p>By Liangping Gao and Ryan Woo<\/p>\n<p>In June, China&#8217;s new home prices showed no growth, marking the weakest result so far this year. This data, released on Saturday, is increasing pressure on policymakers to implement more stimulus measures as the country&#8217;s economic recovery falters.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>The flat result from a month earlier, with rises slowing nationwide, was below May\u2019s 0.1% gain, according to Reuters calculations based on National Bureau of Statistics (NBS) data. Prices were also unchanged from a year earlier, retreating from a 0.1% increase in May.<\/p>\n<p>The property sector, accounting for one-fourth of activity in the world\u2019s second-biggest economy, slumped sharply last year as developers defaulted on debts and suspended construction of presold housing projects.<\/p>\n<p>The central and local governments and regulators have announced a slew of policies over the past year to prop up the sector.<\/p>\n<p>Measures have ranged from extended financial support for developers to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/china-june-new-home-prices-flat-in-weakest-showing-this-year\/\" title=\"China's new home prices in June remained unchanged, marking the weakest performance of the year.\">multi-pronged incentives<\/a> for home buyers. But the uncertain economic outlook and persistent weakness in the sector have dented confidence and home demand, dampening hopes for any quick revival.<\/p>\n<p>Weakness in home prices and falling exports are adding to pressure on policymakers to take do more to prop up the real estate and revive sluggish demand.<\/p>\n<p>Markets widely expect more stimulus around a meeting of the ruling Communist Party\u2019s Politburo late this month, setting the tone for economic policies in the second half of the year.<\/p>\n<p>\u201cThe property market is in dire need of strong policies to boost confidence as small-scale policies can no longer rescue the dwindling sentiment,\u201d said analyst Chen Xiao at property data provider Zhuge House Hunter.<\/p>\n<p>Policies such as boosting employment and incomes must strengthened to support home buying, Chen said.<\/p>\n<p>Thirty-one of the 70 cities monitored by NBS recorded month-on-month rises in new home prices, down from 46 in May. Prices were flat after rising in May in tier-one cities including Beijing and tier-two cities. They fell 0.1% in tier-three cities.<\/p>\n<p>There is room for \u201cmarginal optimisation\u201d of property polices considering profound changes in supply and demand in the real estate market, Zou Lan, a senior official at the People\u2019s Bank of China (PBOC), said on Friday.<\/p>\n<p>\u201cPBOC officials hinted at further property policy easing in the press conference on Friday, and we expect the July Politburo meeting to emphasise the need to stabilise the property market,\u201d Goldman Sachs economists wrote in a research note. <\/p>\n<p>The central bank on Monday extended until the end of 2024 some policies in a November rescue package for the cash-strapped sector. But the uncertain economic outlook and weakness in the sector have dented confidence, dampening hopes of any quick revival.<\/p>\n<p>A quarterly PBOC survey showed 16.5% of households believe housing prices will fall in the third quarter, down from the previous quarter, when 14.4% of households expected a decline.<\/p>\n<p> (Reporting by Qiaoyi Li, Liangping Gao and Ryan Woo; Editing by Kim Coghill and William Mallard)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/china-june-new-home\/attachment\/residential-buildings-are-pictured-near-a-construction-site-in\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Featured Stories:<\/strong><\/p>\n<ul>\n<li>\n<h3>Alex Newman: The Importance of Securing the Border<\/h3>\n<p>Alex Newman, CEO of Liberty Sentinel Media, discusses the importance of knowing who is in our country and securing the border.<\/p>\n<\/li>\n<li>\n<h3>Chad Prather: Actors and Writers Join Forces to STRIKE!<\/h3>\n<p>Chad Prather, Baste Records Artist, discusses how the 65,000 actors represented by SAG-AFTRA have joined thousands of writers to STRIKE!<\/p>\n<\/li>\n<li>\n<h3>Amala Ekpunobi: The Controversy Surrounding &#8220;Black Lives Matter&#8221;<\/h3>\n<p>Amala Ekpunobi, PragerU Personality, discusses the controversial message and complicated financials of \u201cBlack Lives Matter.\u201d<\/p>\n<\/li>\n<li>\n<h3>Matt Capelouto: Fighting for a Safer Future<\/h3>\n<p>Matt Capelouto, President of DrugInducedHomicide.org, discusses how his <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hellywood-on-hold\/\" title=\"Hollywood's Pause!\">personal tragedy led<\/a> to his quest to fight for a safer future for young Americans.<\/p>\n<\/li>\n<\/ul>\n<\/div>\n<div class=\"entry-content\">\n<p>By Anna Tong (Reuters) -Roblox Chief Business Officer Craig Donato is leaving gaming and metaverse company Roblox, the company told Reuters on\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>KUALA LUMPUR (Reuters) \u2013 Malaysian mobile operator Maxis Bhd said it will sign an agreement to access the country\u2019s state-run 5G network,\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>WASHINGTON (Reuters) \u2013 A U.S. <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/kevin-spacey-misread-the-signs-but-did-not-assault-man-actor-tells-london-court\/\" title=\"Kevin Spacey misunderstood signals but did not assault man, actor claims in London court.\">federal court rejected<\/a> the Federal Trade Commission\u2019s request that it order Microsoft to temporarily hold off on\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Sarita Chaganti Singh and Aditi Shah NEW DELHI (Reuters) -China\u2019s BYD Co has submitted a $1 billion investment proposal to build\u2026 <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>China&#8217;s June data reveals that new home prices remained stagnant, marking the lowest performance of the year. This lackluster result, coupled with a nationwide slowdown in price increases, intensifies the need for policymakers to implement further stimulus measures amidst a faltering economic recovery. May&#8217;s 0.1% gain was surpassed by the flat outcome.<\/p>\n","protected":false},"author":66,"featured_media":1973805,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1973804","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1973804","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1973804"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1973804\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1973805"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1973804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1973804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1973804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}