China's house prices tumbled in January

Note: This section contains information in English only.
Source: China.org.cn
China's property market faced the worst performance in a year in January. Real estate prices dropped in the majority of the large cities last month, reported the NBS. Wenzhou hit the record, with prices falling by 0.6% over the month. Shanghai and Beijing both faced 0.1% price decrease in January. Experts attribute poor property market performance to government's policies aimed at tightening the real estate sector.


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