China's home prices fall

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Source: Bloomberg
China's home prices dropped in a large amount of cities, as developers decreased prices in order to boost sales. Prices decreased in 55 of 70 cities during the previous month, the most since January in 2011. In Shanghai and the southern city of Guangzhou the prices went down 0.6%, while declines of 0.4% and 1.7% took place in Shenzhen and Hangzhou respectively.
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Fri, 18 Jul 2014 08:46:15 GMT

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