Chinese walls

Based largely on falling supply and increasing transaction activity, the FT’s Lex Column has a fairly positive piece today on the Chinese housing market.  Its tone is not necessarily consistent with some of its observations.  For instance,

New-home prices rose in roughly one-third of the 70 cities surveyed compared with rises in 39 last month; prices fell in 33 cities, too, more than in September. This should not be surprising. Completed floor space available for sale is at a record high…

However, the data don’t suggest a collapsing market.

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