China home prices fell in October, dimming hopes after stimulus

Major cities log 0.3% drop as Biden highlights Beijing's economic 'problems'

20231116 china home prices

Apartment buildings under construction in Beijing in July 2022. Chinese authorities have been attempting to spur the property sector out of its slump. © Reuters

CK TAN, Nikkei staff writer

SHANGHAI -- New home prices fell in China's big cities in October, official data showed on Thursday, calling into question the effectiveness of the government's efforts to bolster the real estate market since September.

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