BEIJING — The monthly measure of new home prices in China fell for the first time in more than six years, providing further evidence of the pain Beijing’s regulatory campaign is inflicting on a sector that has long been tempered. considered as the engine of economic growth.
The average new home price in 70 major cities fell 0.11% in April from a year earlier, according to Wall Street Journal calculations based on data released by China’s National Bureau of Statistics on Wednesday. .
https://www.wsj.com/articles/chinas-new-home-prices-fall-for-the-first-time-in-more-than-six-years-11652860034?mod=pls_whats_news_us_business_f China’s New Home Prices Fall for the First Time in More Than Six Years