More Chinese cities see monthly rise in home prices in November, adding to positive momentum in property sector: NBS

In November, China's real estate market was more active, with improved market expectations. The property market has continued to show signs of reversing a downturn and stabilizing,

said Fu Linghui, a spokesperson for the NBS, during a press conference on Monday

With no convincing signs of a ground-up pick-up in consumption and confidence, Beijing is confronted by the risk of 'too little, too late' stimulus,

wrote Vishnu Varathan, the head of macro research in Asia, excluding Japan, for Mizuho Securities

This was the big disappointment of the month, as retail sales failed to build upon the momentum and came in well softer than both consensus and our forecasts,

wrote Lynn Song, ING's chief economist for Greater China, in a note on Monday

However, we must also see that the external environment is more complicated, domestic demand is insufficient, some enterprises are facing difficulties in production and operation, and the foundation for the sustained recovery of the economy still needs to be consolidated,

Fu Linghui, a spokesperson for the National Bureau of Statistics told reporters

China's economy appears to have slowed last month, despite tailwinds from recent policy easing,

said Julian Evans-Pritchard, head of China economics at Capital Economics

These policy measures have proven to be very effective as they help unleash housing demand and reduce home purchase costs,

said NBS spokesperson Fu Linghui at a press conference on Monday