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.
Major cities log 0.3% drop as Biden highlights Beijing's economic 'problems'
Apartment buildings under construction in Beijing in July 2022. Chinese authorities have been attempting to spur the property sector out of its slump. © Reuters
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.