More Stability in Chinese Economy

The video discusses the current state of the economy, highlighting a steadying trend but potential tightening bias, especially in the property sector. The manufacturing sector shows improvement with PMI readings above 50, indicating better conditions. The services sector remains robust. In the property market, China is implementing cooling measures to curb speculation, with significant price increases in cities like Shenzhen and Beijing. New regulations include higher down payments and restrictions on non-locals buying second homes.

What was the year-over-year increase in new home prices in Shenzhen as mentioned in the text?

What is the significance of the tightening bias mentioned in relation to the Chinese economy?