China's real estate prices decreased

Note: This section contains information in English only.
Source: China.org.cn
© Scanpix/Reuters

After booming prices in property market the industry has started to cool down. The government tightening policies have led to an overall fall in real estate prices. Prices for new apartments in Beijing dropped by 5.1%. Analysts fear that restriction policy may impact country's economic growth. However, officials announced no changes in policy and continuation of price decrease in the industry.

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