Fitch: Signs of Recovery Persist in China Housing Market

May 19, 2015 8:15 AM

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(The following statement was released by the rating agency) Link to Fitch Ratings' Report: China Property Watch May 2015 here SHANGHAI, May 19 (Fitch) Fitch Ratings says in its latest China Property Watch that China's housing market continued to bottom out in April 2015 as contracted sales rose on a yoy basis for the first time in 2015 and new home prices climbed in more cities.

Chinese homebuilders have improved their cash flow by de-stocking. Fitch-rated entities generally reported faster growth in sales in April. Total offshore bond issuance contracted during the first four months this year but US dollar bond issuance increased yoy in April. The full report "China Proper...

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