Mon, 18 Aug 2014 08:10:08 GMT
China's housing prices decline in most of the cities
Chinese prices for new
homes were lower in 64 out of 70 cities in July as stricter lending
had a negative effect on demand. The property market is now a serious
risk to the world's second largest economy as there is no sign of
improvement. Furthermore, home sales have fallen 28% this month with
it being the biggest fall for a month this year.