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China Index Academy said the China Real Estate Index System 100-city secondhand residential price index put May average price at 12,692 yuan/sq m, down 0.32% MoM (narrowing 0.14 ppt from April) and down 7.99% YoY. By tier, MoM changes were: first-tie

2026-06-02

China Index Academy said the China Real Estate Index System 100-city secondhand residential price index put May average price at 12,692 yuan/sq m, down 0.32% MoM (narrowing 0.14 ppt from April) and down 7.99% YoY. By tier, MoM changes were: first-tier -0.15%, second-tier -0.34%, third/fourth-tier -0.38%; first-tier MoM contraction narrowed 0.01 ppt. Shanghai rose 0.13% MoM; Shenzhen fell 0.04% MoM. MoM declines in second-tier and third/fourth-tier cities narrowed by 0.17 ppt and 0.16 ppt respectively. Twelve cities gained MoM, 87 fell, one was unchanged.

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The Office of the United States Trade Representative (regarding the Brazilian tariffs) stated that beef, coffee, certain fruits and nuts, spices, oil, and metal ores will be exempt from punitive tariffs.

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