Home sales unexpectedly fell last month and China has required its industries to report greenhouse gas emissions.
Home Sales Fall
The National Association of Realtors‘ index of pending home sales fell 0.9% in November after rising 0.4% in October.
The median projection of economists surveyed by Bloomberg anticipated a 0.7% increase for November.
China Requires Carbon Emission Reporting
China issued national standards for industrial firms to report their greenhouse gas emissions as part of the country’s plan to launch a national carbon market in 2017.
The new standards, issued by the National Development and Reform Commission (NDRC) on Wednesday, will enable the China to create a statistical system for greenhouse gas emissions and support the establishment of a national carbon trading scheme.