China Home Sales Post First Month-on-Month Gain Since December
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China’s property market showed a tentative sign of improvement in May, with new-home sales posting the first month-on-month gain this year.
Residential sales rose 26% from April, the first increase since December, according to Bloomberg calculations based on official figures released Wednesday. From a year earlier, sales dropped 42% in May, easing from a 49% decline in the previous month.