China home prices sink further despite mortgage rate cut

February data shows another 0.3% monthly drop in top-tier cities

20240315 china housing stats

An unfinished residential building in Tongchuan, in China's Shaanxi province: House prices declined again in February, hinting that steps taken to stem the fall have not worked so far. © Reuters

CK TAN, Nikkei staff writer

SHANGHAI -- Prices of new homes in China fell further in February, official data showed Friday, underscoring calls for more policy support to shore up demand.

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