China’s New-Home Sales Steady on Continued Policy Support
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China’s residential sales grew slightly in February, in a sign that the real estate market is stabilizing with continued policy support.
The value of new-home sales from the 100 biggest property companies rose 1.2% to 188 billion yuan ($25.8 billion) from a year earlier, according to preliminary data from the China Real Estate Information Corp. That’s after a 3.2% decline in January.