Economics
China Home Price Drop Has Analysts Betting on Policy Change
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Chinese housing data may show prices in the nation’s four biggest cities are falling as Premier Wen Jiabao pledges to maintain a one-and-a-half year battle to lower prices to a “reasonable” level.
Housing prices in Beijing, Shanghai, Guangzhou and Shenzhen -- home to 66 million people -- dropped from a month earlier by as much as 0.3 percent in October, a government report will show tomorrow, according to five analysts surveyed by Bloomberg News. Prices in the cities have stalled since July, data has showed.