China Economic Comment_China Weekly_ Robust Dec momentum, mixed Nov growth, lower CGB yields

ab 23 December 2024 Global Research China Economic Comment China Weekly: Robust Dec momentum, mixed Nov growth, lower CGB yields Our UBS China Activity Tracker shows a largely robust growth momentum in December. 30-city new property sales growth moderated to 15% YoY in the first 21 days of December (vs 20% YoY in November), with tier-1 cities recording much stronger YoY growth than lower-tier cities (see Figures 3-5). In particular, 30-city property sales growth decelerated to 5% YoY in the 3rd week on a hi ...