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China Tells Stats Providers to Halt Home Sales Data Publication

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Two of China's private data agencies, China Real Estate Information Corp. and China Index Academy, withheld monthly home sales figures at the government's behest.
The agencies were told by China's housing bureau to suspend making the figures publicly available until further notice, but financial institutions who paid for the data will still have access to it.
The missing housing data could increase uncertainty about the struggling sector's condition, with analysts expecting the November data to show steeper declines in new-home sales. 

   https://archive.ph/8i63K#selection-1513.0-1525.178

 

The article goes on to say that alarm was sparked by a major real estate developer seeking an extension to make payments on a loan. The insanity of China's building spree was noted by outsiders long before it occurred. 

They do not want the world to know how expensive China is becomming even for westerners, mainly in the main cities and the capital. 

  • Author

How do you construe that falling prices of real estate means living  is becoming more expensive? Actually, the opposite is the case:

 

The True Cost of China’s Falling Prices
Bloomberg analysis shows deflation on the ground feels more pronounced than official data show, with prices of everyday goods plunging and the share of loss-making companies at a 25-year high...

 Using data on almost 70 everyday products and services from multiple sources, our analysis showed prices dropped more sharply than the headline Consumer Price Index indicates, especially for goods that ordinary consumers buy...

The analysis showed that prices are unmistakably dropping. Among 67 items tracked by Bloomberg News, prices on 51 dropped over the last two years.

https://archive.ph/td0P9

 

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