{"id":2001963,"date":"2023-08-15T23:51:02","date_gmt":"2023-08-16T03:51:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chinas-new-home-prices-fall-for-first-time-this-year\/"},"modified":"2023-08-15T23:53:44","modified_gmt":"2023-08-16T03:53:44","slug":"chinas-new-home-prices-fall-for-first-time-this-year","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chinas-new-home-prices-fall-for-first-time-this-year\/","title":{"rendered":"China&#8217;s home prices drop for the first time in 2021."},"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\">20<\/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%2Fchinas-new-home-prices-fall-for-first-time-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=2001963&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><h2>China&#8217;s New Home Prices \u200cFall, Putting Pressure on Authorities \u200dfor Bolder Stimulus<\/h2>\n<\/p>\n<p>The latest data from the National Bureau of Statistics (NBS) reveals that \u200cChina&#8217;s new home prices experienced a 0.2% decline in July,\u2062 marking the \u2064first decrease this year. This follows \u200da flat reading in June. On a\u200d year-on-year basis, prices were down 0.1%. These figures highlight the ongoing struggles faced by the embattled property sector, which accounts for a quarter of China&#8217;s economic \u200dactivity.<\/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 decline in home prices is occurring amidst a worsening debt crisis \u2064at major developers, \u2064as well as sliding property\u2062 investment and home sales. Combined with the broader softening\u200b of economic growth and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/indexes-drop-as-walmart-profit-warning-spooks-investors\/\" title=\"Indexes drop as Walmart profit warning spooks investors\">weak consumer confidence<\/a>, these figures put pressure on policymakers \u2064to implement more substantial support measures.<\/p>\n<p>Despite previous financial support \u200bfor developers and incentives for first-time home buyers and \u2064upgraders, the property sector continues\u200d to struggle. In July, the Politburo, a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/top-u-s-general-warns-chinas-military-is-growing\/\" title=\"Top U.S. general warns China\u2019s military is growing\">top decision-making body<\/a> of the ruling Communist Party, pledged to adjust property policies in response to significant market changes.<\/p>\n<p>Efforts to restore confidence include the central bank&#8217;s unexpected cut in key policy rates for the second time in \u2063three months,\u2064 as\u2063 well as guiding\u200d banks\u2063 to adjust interest\u200d rates on existing mortgages. Some cities have also relaxed property curbs, but the \u200binvestor response has\u200d been tepid so far, underscoring China&#8217;s \u200beconomic underperformance this \u2063year.<\/p>\n<p>Among 70 cities, 49 saw a decline in new \u200bhome prices in July compared to \u206438 cities the previous month.<\/p>\n<p>(Reporting by Qiaoyi\u200d Li,\u2064 Liangping\u200c Gao and Ryan Woo; Editing by Sam Holmes &#038; \u2064Shri Navaratnam)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/chinas-new-home-prices\/attachment\/file-photo-a-real-estate-agent-staff-member-stands-on\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>Trump Claims Irrefutable Report, Brian Kemp Assures Election Security<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Amidst his\u200d fourth\u2063 indictment this year, former President Trump denies\u200c any wrongdoing in Georgia. He has hinted at\u200b an upcoming report that\u2064 he believes will lead to dropped \u200ccharges\u2064 and his &#8216;complete\u200d exoneration&#8217;.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>Maui Death Toll Rises,\u200c More Fatalities\u2064 Expected<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>The number of fatalities in Maui \u200bhas reached at least 99, with\u2064 hundreds still missing. Unfortunately,\u2064 the death toll is anticipated to\u200c increase.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>Fulton County Officials Clarify &#8220;Fictitious&#8221; Indictment<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Officials in Fulton County, GA have stated that the &#8220;fictitious&#8221; indictment that briefly\u2062 appeared on the county clerk&#8217;s website was \u2063actually a &#8216;sample working \u200ddocument&#8217;.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>Social Media\u200b Company X Delays Access\u2062 to Reuters Content<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Social media company X, formerly known as Twitter, has delayed access to links to\u200b content on Reuters.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>Google to Train 20,000 Nigerian Women and Youth in Digital Skills<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Google plans to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chinas-new-home-prices-fall-for-first-time-this-year\/\" title=\"China's home prices drop for the first time in 2021.\">provide digital skills training<\/a> to 20,000 Nigerian women and youth, along \u200bwith\u2062 a grant to support their endeavors.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>Amazon&#8217;s Online \u2064Pharmacy Applies Manufacturer-Sponsored Coupons<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Amazon.com has announced that its online pharmacy will <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/japans-policymakers-hold-fire-as-yen-enters-intervention-range\/\" title=\"Japan's policymakers remain cautious as the yen approaches the intervention threshold.\">automatically apply manufacturer-sponsored coupons<\/a> \u2063to over 15 insulin\u2063 products.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>Republican Representative Don Bacon Receives FBI Warning<\/h2>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>China&#8217;s July data reveals a 0.2% decline in new home prices, marking the first drop this year. Despite limited policy support, the struggling property sector remains unsteady, increasing the urgency for more substantial stimulus measures. This follows June&#8217;s stagnant figures.<\/p>\n","protected":false},"author":66,"featured_media":2001964,"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-2001963","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\/2001963","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=2001963"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2001963\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2001964"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2001963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2001963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2001963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}