Growth in prices picking ip from the first month of the year.
New home prices in 64 of China's 70 major cities rose m/m in February
- January was +53
There is plenty of market chatter about re a dialling back in stimulus out of China given the country is one of the first to emerge from the pandemic economic impact (it was the first to plunge in).
A gathering pace of house price rises will fuel further talk of stimulus reduction. At the margin, this will be a negative for China-related risk trades, such as the AUD.
