China's housing prices have reached a turning point, the country's central bank said in a statement Friday.
Growth in property investment has declined from its peak, property developers' cashflows have become tighter, land transaction volumes and land prices have fallen, while growth in property loans has slowed, the People's Bank of China said.
Housing prices in 100 major cities in China dropped on a monthly basis for a third consecutive month in November and posted their biggest month-on-month decline this year, according to the privately compiled China Real Estate Index System, as Beijing's two-year tightening campaign to cool the red-hot property mark
| Shanghai 2360.66 | -26.20 |
So No Need to Long in equity market just wait or use this upward to short the Indices
