Latest data: China’s new house prices rose in 62 of the 70 cities, the lack of control policies

Commodity residential sales prices rose in the ring. Among them, Chongqing, Guangzhou new house prices “led”, Chongqing new house prices rose 1.4%, the highest rate of increase in 70 cities; Guangzhou new house prices rose 1.1%, second only to Chongqing.

Data show that China’s first-, second- and third-tier cities all saw an expansion in new housing prices in the same month from a year earlier. China’s National Bureau of Statistics City Division chief statistician rope Guoqing said, Beijing, Shanghai and other four first-tier cities, new commodity residential sales prices rose 0.6%, up 0.2 percentage points over the previous month; 31 second-tier cities rose 0.6%, up 0.1 percentage points over the previous month; 35 third-tier cities rose 0.4%, up 0.1 percentage points over the previous month.

In recent years, the Chinese Communist Party authorities have introduced tight control of real estate development and housing loans and other regulatory policies in an attempt to curb overheated investment and inflationary crisis. But at the same time, the U.S.-China trade war and the new crown epidemic have forced the authorities to stimulate real estate related industries to maintain exports, while the high prices of housing in China’s major cities again highlight that private investment still tends to preserve the value of property to avoid inflationary risks.