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UPDATE: China Average Housing Price Rises in June After 9 Months of Decline - CREIS - China housing prices rebounded for the first time in June on month after nine months of decline, according to a private data provider -- Average housing price in June was CNY8,688 a square meter, rising 0.05% from CNY8,684 in May, reversing from May's 0.31% decline -- Housing prices in Inner Mongolia's Baotou city and Beijing rose by the widest margin, at 2.6% and 2.3%, respectively -- Sales have improved as China eases monetary policy, and prices are rising as developers have started to reduce discounts, analysts say (Adds comments from analysts in third to fourth paragraphs, 13th to 14th paragraphs, a homebuyer's comment in 10th to 12th paragraphs and background onrecent property easing moves by local governments in the final paragraphs.) By Esther Fung SHANGHAI--The average price of housing in 100 major Chinese cities recorded its first sequential rise in June after nine straight months of decline, in a further sign that the housing market is turning a corner, though analysts say a robust rebound in prices remains unlikely. A survey of property developers and real-estate firms showed the average price of housing in June was CNY8,688 a square meter, rising 0.05% from CNY8,684 in May, and overturning May's 0.31% decline, data provider China Real Estate Index System said Monday. "I believe the housing market has bottomed out," said Nicole Wong, a property analyst from CLSA. She also said that inventory will likely peak in the third quarter and prices will rise by a modest 5% by the fourth quarter, as demand for new launches has been strengthening in the past few months and developers don't need to lower their prices too much to attract buyers. On an on-year basis, the average housing price fell for a third consecutive month, sliding 1.90% from CNY8,856 booked in June 2011, and accelerating from May's 1.53% decline. The survey, compiled wi

Programmes Wider Europe Image China Image Middle East and North Africa Other projects Scorecard 2012 Reinvention of Europe Security & Defence Germany in Europe Human rights Events Poland towards France and Germany: the new opening? - 27 Jun 12 We were pleased to see you at the debate Poland towards France and Germany: the new opening? with participation of Georges Mink and Janusz Reiter. We discussed Poland's position relative to the current Franco-German dynamics. It was, and still is, of particular importance due to the growing risk of a two-speed Europe, in which Poland would definitely have to take a back seat. Go to Events page China at the crossroads: are the reformers winning the argument? China has reached a crossroads. After years of political stability and enviable economic growth, the regime has been facing a stark choice about how the country should move forward. But two crucial recent political events have turned Chinese politics on its head, and are forcing it to decide whether to regress or reform. Over the last year villagers in Wukan, in Guangdong province, rose up and ousted their corrupt local leaders after months of protest. Meanwhile, Bo Xilai, the Communist Party secretary in Chongqing, who used Maoist rhetoric and violence to push his vision of economic development, was ousted from his post in March. In a new ECFR essay, 'China at the crossroads', François Godement argues that these two events signal that the Chinese government may be choosing the path of legal and political reform, promoting sustainable growth to reduce macroeconomic imbalances and overreliance on the dollar. François argues that: With seven of the nine Politburo Standing Committee members due to be replaced this year, there has been a battle for influence with reformers warning that China is facing a 'success trap' of an economic and political model unsuited to the current stage of development, and capture by vested interests.

Construction and Real Estate Hinder China's Growth By KEITH BRADSHER Published: September 9, 2012 CHENGDU, China - With more than 100 tall cranes on the skyline, this metropolis in western China looks vibrant at first glance despite the country's sharp economic slowdown.