China home price up 0.49% m/m in May (vs. +0.42% in April)

China data - the home price info is useful as property investment and surrounding activity (furnishings and what have you) are a driver of economic activity.

• +0.5% m/m for 'all China' new home prices
• +4.9% y/y

In previous years the battle has been between rising house prices and trying to keep debt leverage under control. Right now of course its all about recovery from the pandemic.