China's home prices fell in June with narrowing declines in major cities, including first-tier cities.

China's home prices continued to fall in June, with declines narrowing, according to official data from the National Bureau of Statistics. Major cities saw a decrease in home prices, with the four first-tier cities - Beijing, Shanghai, Guangzhou, and Shenzhen - experiencing narrower yearly declines in second-hand home prices. The property sector remains a significant challenge for the $18 trillion economy.