China Home Sales Value Rose 38% in October From Year Earlier
New-home sales growth slowed in September after curbs imposed
New yuan loans edged down last month on slower new mortgages
China’s new home sales growth slowed in October from a year earlier, suggesting the push by policy makers to rein in runaway prices is getting traction.
The value of homes sold rose 38 percent to 941 billion yuan ($138 billion) last month from a year earlier, according to Bloomberg calculations based on data the National Bureau of Statistics released Monday. The increase compares with a 61 percent gain the previous month.