China housing
State media reports Chinese property prices fell in December for the first time since 2005.
The price of housing in 70 major cities fell 0.4% year-on-year according to a statement issued by the National Development and Reform Commission, the country’s top economic planning agency, and the National Bureau of Statistics.
The southern boom town of Shenzhen, which neighbours Hong Kong and symbolises the country’s economic reforms, saw the largest fall, with prices down 18.1%.
Source: Straits Times