In April, China's new home prices fell at the fastest pace in over nine years, marking the tenth consecutive month of price drops.
China's new home prices fell at the fastest pace in over nine years in April, with prices down 0.6% month-on-month and 3.1% year-on-year. This marks the tenth consecutive month of price drops. Despite intensified efforts by Chinese authorities to revive the struggling property sector, which is a major driver of the country's economy, a meaningful recovery has been slow to materialize.
May 17, 2024
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