China Home Prices Fall in More Than Half Cities Tracked

International Monetary Fund official Zhu Min said China will avoid an economic hard-landing even as government data showed property prices falling in most of the nation’s biggest cities.

“China’s heading for a soft-landing,” Zhu, a deputy managing director at the IMF, said in Hong Kong today. At the same conference, Reserve Bank of Australia Governor Glenn Stevens also expressed confidence in an economy he said is closing in on that of the U.S. Prices of new apartments fell in 45 of 70 cities in February from January, the statistics bureau said yesterday.