China Property: our latest Weekly New Home Sales report by Real Estate Foresight shows further bottoming-out/improvement in the year-to-date year-on-year and 4-week year-on-year growth metrics - a slower pace of declines.

The chart below illustrates how the higher-frequency weekly data (here to July 3) for a smaller sample of 22 cities can give directionally a good indication of what to expect in the monthly national figures. The national June data comes out on July 15.