[Selling Prices of Commercial Residential Properties in First-Tier Cities Rose MoM]

According to the China Earthquake Networks Center, a magnitude 5.2 earthquake struck Liunan District, Liuzhou City, Guangxi (24.38°N, 109.26°E) at 00:21 on May 18, with a focal depth of 8 kilometers. Following the earthquake, the State Council's Earthquake Relief Command and the Ministry of Emergency Management coordinated with local authorities, requesting verification of seismic and disaster conditions, full mobilization of search and rescue operations, and efforts in disaster assessment, evacuation and resettlement of residents, emergency rescue, and aftershock monitoring.

NBS: In April, the selling price of newly built commercial residential properties in first-tier cities fell 2.1% YoY, with the YoY decline narrowing by 0.1 percentage point from the previous month. Among them, Shanghai rose 3.7%, while Beijing, Guangzhou, and Shenzhen fell 2.3%, 4.4%, and 5.3%, respectively. The selling price of newly built commercial residential properties in second-tier cities fell 3.3% YoY, with the YoY decline unchanged from the previous month. The selling price of newly built commercial residential properties in third-tier cities fell 4.1% YoY, with the YoY decline widening by 0.1 percentage point. 、

According to new retail market monitoring data from AVC (All View Cloud), in April 2026, the total monitored retail volume of major home appliance categories reached 597,000 units, up 5.5% YoY, with total retail revenue of 1.62 billion yuan, up 8.4% YoY. Among the major categories in April, those with YoY increases in sales revenue included kitchen appliance packages (72.2%), color TVs (31.5%), electric storage water heaters (26.3%), refrigerators (24.4%), washing machines (17.9%), freezers (7.2%), rice cookers (6.3%), and gas water heaters (2.8%). Categories with YoY declines included induction cookers (6.4%), range hoods (9.9%), air conditioners (11.1%), electric fans (17.9%), gas stoves (32.7%), and electric pressure cookers (63.2%).