China Home Price Slump Persists Even as Support Mounts
- Drop in new-home prices shows ‘no signs of ebbing’: economist
- Property crisis drags on as developer Vanke faces pressure
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China’s home prices continued to fall in February, underscoring the challenge for authorities as they step up efforts to salvage the beleaguered market.
Declines in prices of both new and used homes deepened in February from a year earlier, even as they eased slightly on a month-on-month basis, National Bureau of Statistics figures showed Friday.