Chinese housing prices rose 7.9% year on year in July, recording the fastest increase since February 2014. Home prices in Shenzhen and Xiamen soared the most, up around 40% each. Separately, Moody’s raised its forecasts for China’s economic growth in the wake of “significant” fiscal and monetary stimulus policies, cautioning that the “slowdown and rebalancing of China’s economy is likely to be gradual.”
