4.3% December fall in prices of new homes in big Chinese cities 9% Month-on-month rise in Chinese housing sales in December
Prices of new homes in big Chinese cities fell 4.3 per cent in December from a year earlier, the largest drop since the current data series began in 2011, according to Financial Times calculations based on government figures released yesterday.
The continuing downturn in the Chinese real estate market, which began at the start of last year, is creating ructions in Beijing and globally, as slower growth and rising debts in China ripple through international commodity markets.
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