China Home Sales Slump Persists Even as Rescue Efforts Mount
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China’s home sales slump persisted in November, underscoring the challenge for policy makers as they seek to revive the embattled industry.
The 100 biggest real estate developers saw new-home sales drop 25.5% from a year earlier to 559 billion yuan ($78.9 billion) in November, according to preliminary data from China Real Estate Information Corp. That narrowed from a 28% decline in October.