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The Economic Times
The Economic Times

China's new home prices fall faster in May as property slump persists despite big-city resilience

China's new home prices fell at a slightly faster pace in May, official data showed on Tuesday, as the crisis-hit property sector continued to grapple with fragile demand, ‌even as ⁠larger cities ⁠showed tentative signs of stabilisation.

New home prices dipped 0.2% in May from the previous month, steepening from a 0.1% decline in April, according to Reuters calculations based on National Bureau of Statistics data.

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