Buyers are scrambling to buy before Gov. rules kick in?
China: Housing prices rose in 68 of 70 Chinese cities in March when compared to the previous month, according to the National Bureau of Statistics. Compared to the previous year, prices were higher in all but two of the same 70 cities.
Prices in the capital, Beijing, registered one of the largest increases, rising 8.6% over the previous year. In the southern manufacturing hub of Shenzhen, prices jumped 8.9%.
This should play well for this Q's earnings, but possible next Q may be down because of Gov. action - either way I see this pull back as a great buying op for those that want to add to their position or get their feet wet and enter the XIN action.
GLTA that invest in XIN / even the shorties cause they are going to get caught soon IMO with their pants down and their D*** in their hand.....................
The unreliability of the National Bureau of Statistics has been proven. What period of time are you quoting? The Chinese New Year fell into different months in each year? Who cares what the overall house prices are throughout China. We, the loyal shareholders of XIN, only care about price in Beijing, Jinan, Shanghai, and New York. The NBS gives data on new, old, and overall, which were you quoting?