House prices in China continued its downward trend in April, with 46 out of 70 cities surveyed by the government declining from a year ago. In March, prices fell in 38 cities.
New house prices in Beijing fell 1 percent and Shanghai prices declined 1.3 percent from the previous year, the National Bureau of Statistics said Friday.
On a monthly comparison, home prices dropped in 43 of 70 major cities in April, compared to 46 cities reporting decreases in March.
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