China stocks hit 15-month high

Jing Ulrich, from J.P. Morgan, takes a look at the concerns and positives of the Chinese market right now.

China,what would be you economic reading of the situation today as said,sometimes,its one step forward the ...steps back special the manufacturing ...

Well,that is right,we have some slowdown in the Chinese economy，especially in the recent weeks.We had the PMI data coming out yesterday,showing us some weakness.We also had critical growth slowing down as well as in the month Auguest.However,what interesting is that you have a very strong stock market performance in the recent weeks.Partly due to the new initialtive introduced by Hongkong and China linking the two stock markets.So on the one hand you have slowing economy,you also have a weaking property market.On the other hand,people are getting quite excited potential capital flows in the north of China.So boosting of shares both in the mainland as well as in Hongkong.

...says cycle about two of the property markets here,now it is gonna be a difficult title and ....for China's economic managers to trying get this property booble deflated in order to effection.How exactly they are going to be doing that to contain the down to ....

Well,that is right,the property secretary is very important industry in China.In fact,it counts for ten percent of GDP.But the impact on GDP goes beyond the ten percent number.Because many different related industries from commodities,to home plans as well as consumer sentiments.So in the recent months,we are seeing a slowdown in property price increases,as a matter of fact,sixty four out of the 76 cities in China are actually seeing sequencial price declines,so in the recent weeeks,we are seeing some local governments reducing the restriction on purchases,so homeowners could buy addition homes without restrictions anymore.We also are seeing the central government promptiong mortagages especially to first time homebuiers.So we are seeing a softening prices on the one hand,on the other hand,we are seeing some developers,trying to reduce prices to get volums up,so this remains one of the major concerns of the China's economy given the importance of the property sector in the overall economy.