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Property

China new home prices fell at slower pace in December

Average prices in 70 major cities declined 0.2%

China's property market has slowed since June 2021 as regulators stepped up their deleveraging campaign against the bloated sector   © Reuters

BEIJING (Reuters) -- China's new home prices fell more slowly in December than a month earlier, official data showed on Saturday, as marginal easing on financing curbs, and promotions by property developers helped to stabilise demand.

Average new home prices in China's 70 major cities declined 0.2% in December from a month earlier, slower than a 0.3% drop in November, according to Reuters calculations from data released by the National Bureau of Statistics (NBS).

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