Pursuits
China Home Prices Fall in Fewer Cities in Slight Recovery
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China’s home prices dropped in fewer cities last month as demand got a boost from the removal of property curbs and three interest-rate cuts since November.
New-home prices fell in 47 of the 70 cities tracked by the government from a month earlier, the National Bureau of Statistics said Monday, compared with declines in 49 in March. Prices rose in 18 cities, including Beijing and Shanghai, six more than last month, and were unchanged in five, according to the statement on the website.