China new home prices dip, long way to recovery

Note: This section contains information in English only.
Source: Reuters
Average China's property prices fell 6.1% in April on the annul basis, by posting the same decline as in the previous month, while prices calculated on month-on-month remained steady and were up from a 0.1% decrease in the prior month. The Chinese economy seems to be in a slowdown that is likely to keep pressure on the People's Bank of China to further easing of monetary policy.
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