china new home price spiked
M2 growing 16pc ... immediately home prices up
SHANGHAI—Average housing prices in 100 of China's largest cities rose in April at the fastest pace in 18 months, persistently defying policy makers' efforts to bring them down.
A survey of developers and real-estate firms showed the average price of new homes in April was up 5.34% from a year earlier, the fifth consecutive monthly rise after eight months of decline, data provider China Real Estate Index System said Thursday.
The pace accelerated from 3.9% in March and 2.48% in February, hitting the highest level since November 2011, when it was 5.65%.
Ride at your own risk !!!