China economic news

CNC
Added On October 28, 2019

INTRO
 
Turning to some economic news in China...
 
Chinese home prices picked up slightly in September as farmers' incomes and industrial output steadily rose.
 
PKG
 
SUBTITLE1: HOME PRICES REMAIN STABLE IN SEPT
 
Chinese home prices remained generally stable in September with prices picking up slightly in larger cities. 
 
New home prices in first-tier cities like Beijing, Shanghai, Shenzhen and Guangzhou increased by around 0.4 percent month on month.
 
Prices of older homes in first-tier cities climbed 0.3 percent.
 
SUBTITLE2: AGRICULTURE SECTOR EXPANDS
 
Agricultural sector expanded steadily during the first three quarters of the year as farmers' incomes rose. 
 
Added value of the country's primary industry hit about 614.3 billion U.S. dollars, up 2.9 percent year on year.
 
Disposable incomes of farmers jumped 6.4 percent year on year.
 
SUBTITLE3: PRIVATE, SMALLER ENTERPRISES POST FAST GROWTH
 
Smaller private industrial companies posted faster-than-average industrial output growth during the first three quarters of 2019. 
 
Industrial output for small and medium-sized industrial enterprises jumped by 8 percent and 7.1 percent, respectively, while output for the entire industrial sector increased by 5.6-percent.
 
More than 5 million private companies were set up during the first three quarters of 2019, up nearly 10 percent year on year.