China Home Prices Fall Again as Calls Grow for More Action

China’s home prices fell in December, closing another tumultuous year for the real estate industry as its debt crisis persists.

New-home prices in 70 cities, excluding state-subsidized housing, dropped 0.37% from November, when they slid 0.39%, figures from the National Bureau of Statistics showed on Monday. Resale home values, which are subject to less government intervention, slid 0.7%, the most in 15 months.