Improved housing mood seen continuing in China this year
Hong Kong
CHINA'S stronger-than-seasonal property sales in December point to a recovery in market sentiment thanks to looser housing and monetary policy, with the upbeat momentum expected to swing into 2015, analysts said.
But with oversupply still looming large, any recovery - especially in home prices - is likely to be slow, tempering hopes that housing could provide a badly needed boost to the Chinese economy as it struggles to overcome the slowest growth since the global financial crisis.
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