China's new home price declines persist but narrow modestly in major cities

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BEIJING (Reuters) -China’s new home prices declined again in July, falling 0.3% on month, but the drop narrowed slightly in major cities, official data showed on Friday, as more local governments rolled out incentives for homebuying. The month-on-month figure, calculated by Reuters based on data released by the National Bureau of Statistics, extended a weak trend that has persisted since May 2023

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