US ratings agency Moody's out with their latest look at China 23 May 2016
- revenues will continue rising in coming quarters because of the stabilization in China's real estate market and macro economy
- China's regional and local govt's fiscal and economic positions will improve through 2016
- real estate markets are stabilizing because regulatory measures have broadly facilitated property purchases, eased mortgage terms
- Land price inflation strengthened in most large cities during Q1 2016, and the price of newly developed residential properties continued to rise, especially in first-tier cities.
- In Q1 2016, 22 of 31 provinces reported increases in new residential and commercial real estate construction on a year-on-year basis.
- Industrial production growth accelerated in seven provinces, while growth in fixed asset investment increased in 11 provinces.
A more upbeat assessment which is welcome but not time to get the bunting out just yet.
More from Moody's here
