China New Home Prices Fall Again in September Slump
Chinas new home prices dropped in September while annual declines narrowed slightly. The prolonged property slump continues to weigh on domestic demand and economic recovery.
China's new home prices fell 0.1% in September, extending a three-year slump that shows policy support has yet to spark a broad recovery. The drop matches August's decline, driven by weak demand outside major urban centers. The persistent property downturn remains a primary drag on the domestic economy, depressing consumer confidence and local revenues.
