China faces cooling economy - News - Dukascopy Bank

Wed, 18 Jan 2012 08:06:51 GMT
Source: BBC
 
© Scanpix/Reuters
Recent economic news from China clearly indicated that country's economy is cooling. New house prices in 52 out of 70 cities tumbled in December on a monthly basis, reported the National Bureau of Statistics. Considering yearly changes, home prices added 1% in Beijing, signaling lower increase than November's reading. FDI also slumped for the second consecutive month in December, contacting by 12.7% as compared to a 9.8% decline in November.

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