Home sales in China expanded for the second consecutive month in May, aided by a slew of monetary and property easing measures in the past few months, notes BofAML. Sylvia Sheng and Xiajia Zhi of Bank of America Merrill Lynch in their June 24, 2015 research report titled: “China: green shoots in housing market” anticipate home sales momentum in China to remain robust in June. Robust home sales growth momentum in May According to the BofAML analysts, Chinese housing market is showing some signs of recovery in May, though significant divergence exists. They note average new home prices rose in…
Green Shoots In Chinese Housing Market: BofAML
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports