China Home Sales Keep Falling as Top Officials Pledge Support
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China’s home sales continued to fall in April, underscoring why top policymakers are stepping up efforts to revive the market.
The value of new-home sales from the 100 biggest real estate companies slid about 45% from a year earlier to 312.2 billion yuan ($43.1 billion), following a 46% decline in March, according to preliminary data from China Real Estate Information Corp. Transactions fell 13% from March.