Coffee Sipping Big Board Stocks

[timhyma]

Could China's housing market be bottoming out? The average price of new homes in 70 Chinese cities dropped 0.12% on month in April, although that represented a slowdown from -0.16% in March, the WSJ calculates using official data. "We expect home sales to see year-on-year growth in the second half of the year, and home prices in third- and fourth-tier cities to also bottom out," says Nomura economist Zhao Yang. However, Zhao doesn't expect a quick rebound in property investment, so he's forecasting that "China will miss its 7% target (for 2015)."