摩根大通：中国房地产国家统计局数据_9月无改善，符合预期

China Property NBS data: no improvement in September, as expected The September data from NBS, expectedly, continues to show weaknesses across sales, construction activities and home prices. However, after a series of policy easing in late September, we expect property sales to see a decent rebound in October (as shown in the Golden Week). That said, a short-term improvement upon policy easing is, more or less, a knee-jerk reaction. What's important is whether the strong sales momentum may continue into Nov ...