Subscribe free to our newsletters via your
. Space Industry and Business News .




POLITICAL ECONOMY
China home price rises speed up in November: survey
by Staff Writers
Beijing (AFP) Dec 01, 2013


Chinese home prices rose faster in November than in the previous month, an independent survey showed on Sunday, adding that authorities are likely to introduce further changes to control the lively real estate market.

The average price of a new home in 100 major cities rose 10.99 percent year-on-year to 10,758 yuan ($1,766) per square metre, said the China Index Academy, which compiled the survey.

That was higher than the rises of 10.69 percent in October, 9.48 percent in September and 8.61 percent in August, said the academy, which is the research unit of the real estate website operator Soufun.

High property prices have generated discontent among ordinary Chinese, and Beijing has sought for more than three years to contain their rise, while also promising to provide affordable housing.

President Xi Jinping called a month ago for improved efforts to increase home supply and for more attention on public housing projects, state media reported at the time.

A document pledging a series of reforms, issued after the Third Plenum meeting of Communist Party leaders in mid-November, hinted that a property tax might be expanded beyond its current two cities of Shanghai and Chongqing but did not give a timetable.

"After the Third Plenum, the central committee (of the ruling Communist Party) will set up and improve long-term mechanisms regarding land, taxation, property registration and other aspects," the academy said.

Earlier measures to try to control prices have included restrictions on buying second and third homes, higher minimum downpayments and taxes in some cities on ownership of multiple homes.

China manufacturing index steady at 19-month high: govt
Beijing (AFP) Dec 01, 2013 - China's manufacturing growth in November maintained its strong pace from the previous month to stay at a 19-month high, official figures showed on Sunday.

The purchasing managers' index (PMI) was at 51.4, unchanged from October, the National Bureau of Statistics said on its website.

It was up from 51.1 in September and the highest since reaching 53.3 in April 2012.

A reading above 50 signals expansion while a figure below indicates contraction.

The figure was a further indication that the world's second-largest economy is gradually emerging from a growth slowdown at the start of the year, although analysts have warned that weaknesses remain.

Official data in October showed that China's economy, an important driver of regional and global growth, expanded 7.8 percent from July to September, snapping two quarters of slowing.

Analysts said the jump resulted largely from a government stimulus since late June that included increased rail and urban fixed-asset investment, tax cuts and looser monetary policy.

The official PMI has risen steadily from 50.1 since June of this year.

Meanwhile the preliminary PMI reading for November from HSBC, another closely watched figure, slipped to 50.4 after a seven-month rise.

It was the second-highest reading from the British banking giant since March, down from 50.9 in October.

HSBC economist Qu Hongbin in Hong Kong attributed the drop to "weak new export orders" and the "slowing pace of restocking activities".

The bank's final PMI reading for the month is scheduled to be released on Tuesday.

.


Related Links
The Economy






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








POLITICAL ECONOMY
China property firms deny tax-shirking report
Shanghai (AFP) Nov 26, 2013
Several Chinese property developers on Tuesday denied a state media report accusing them of failing to pay land taxes, saying it was a "misunderstanding". State television reported in a weekly consumer programme Sunday that domestic property firms owed 3.8 trillion yuan ($623 billion) in land taxes from 2005 to 2012, citing a lawyer's calculations. China Central Television (CCTV) did not ... read more


POLITICAL ECONOMY
Use of ancient lead in modern physics experiments ignites debate

Crippled space telescope given second life, new mission

Scientists create perfect solution to iron out kinks in surfaces

What might recyclable satellites look like?

POLITICAL ECONOMY
Boeing Tests Validate Performance of FAB-T Satellite Communications Program

Intelsat General To Provide Satellite Services To US Marines

Manpack Radios in Arctic Connect with MUOS Satellites Orbiting Equator

Self-correcting crystal may unleash the next generation of advanced communications

POLITICAL ECONOMY
SpaceX postpones first satellite launch

Second rocket launch site depends on satellite size, cost-benefit

Private US launch of satellite delayed

Stepping up Vega launcher production

POLITICAL ECONOMY
'Smart' wig navigates by GPS, monitors brainwaves

CIA, Pentagon trying to hinder construction of GLONASS stations in US

GPS 3 Prototype Communicates With GPS Constellation

Russia to enforce GLONASS Over GPS

POLITICAL ECONOMY
German helicopter deal examined by federal auditors: report

US telling airlines to stay safe in East China Sea

The secrets of owls' near noiseless wings

Japanese airlines say will obey China's air zone rules

POLITICAL ECONOMY
Chips meet Tubes: World's First Terahertz Vacuum Amplifier

NIST demonstrates how losing information can benefit quantum computing

Chaotic physics in ferroelectrics hints at brain-like computing

Nature: Single-atom Bit Forms Smallest Memory in the World

POLITICAL ECONOMY
Satellite map to help assess threats to Australia's Great Barrier Reef

Google Earth reveals untold fish catches

Satellite trio to explore the Earth's magnetic field

Cameras for high-res images of Earth's surface on way to space station

POLITICAL ECONOMY
Madrid street-sweepers call off strike: union

Everyday chemical exposure linked to preterm births

Albania refuses to host Syria arsenal destruction

Protests grow in Albania against Syria weapons destruction




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement