China House Prices in July fell m/m and y/y

<p>China House Prices in July </p><ul><li>-3.9% m/m (prior 0%)<ul><li>this is one of the biggest monthly declines on record</li></ul></li><li>-0.1% y/y (prior 0%)</li></ul><p>Among China's 70 major cities:</p><ul><li>20 cities saw new home price rise m/m in Jul, vs 31 in June</li><li>6 cities saw 2nd-hand home price rise m/m in July, vs 7 in June</li></ul><p>Earlier from China:</p><ul><li><a href="https://www.forexlive.com/centralbank/pboc-sets-usd-cny-reference-rate-for-today-at-71986-vs-estimate-at-72878-20230816/" target="_blank" rel="follow" data-article-link="true">PBOC sets USD/ CNY reference rate for today at 7.1986 (vs. estimate at 7.2878)</a></li><li>The OMO injection noted in that post is the biggest since February</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.