BEIJING -- Housing prices have fallen in a majority of China's provinces for the first time in more than six years as the government tries to tame a real estate bubble, sending debt-laden local authorities rushing to put a floor under the declines.
Debt-laden local governments scramble to defend key source of revenue

Real estate brokerages in the southern Chinese city of Shenzhen. (Photo by Yusuke Hinata)
BEIJING -- Housing prices have fallen in a majority of China's provinces for the first time in more than six years as the government tries to tame a real estate bubble, sending debt-laden local authorities rushing to put a floor under the declines.