China Bubble

July 100 City home prices down 1.32% .

http://www.chinarealestatenews.com/news/2010-08-03/10062/

according to the city price index of the 100 cities, in July 2010, the average price of per square meter residential property price fell 1.32% to 8308 yuan. The price in Harbin rose the most, by 2.95%. While southern city of Shantou posted the most decline of 4.32%.

I am not able to tell whether the numbers are for month over month or year over year. According to the Chinese version of the same report, the price drop was for month over month (compared to June 2010).