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China’s house prices continue to fall after five months of stabilization

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China’s house prices fell for the first time this year in June, underscoring growing challenges to prop up a key engine of the economy.

New home prices in 70 cities, excluding government-subsidized housing, fell 0.06% last month from May, when they rose 0.1%, figures from the National Bureau of Statistics showed on Saturday. Prices fell 0.44% in the secondary market, according to the data.



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