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17th May 2023 15:19China+, Daily Monitor

  • China’s property market recovery hit a soft patch in April, after the release of pent-up demand in Q1.
  • Sequential new home price growth reveals a divergence between tier-one cities and the rest.
  • Cities are likely to step up local easing to boost buyer sentiment, while broad rate cuts are unlikely in Q2.

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Keywords for: 18 May 2023 China+ Monitor

easing, growth, May, property market, rate cuts, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence