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CN Mar 70-City Home Prices Down 3.4% YoY, Steepest Drop in 10 Mths: Reuters Calculation
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The price index of new commercial residential properties in 70 large and medium-sized cities in Mainland China in March shed 3.4% YoY, marking the largest downfall in 10 months; on an MoM basis, it edged down 0.2%, the smallest drop in 10 months, according to Reuters calculations based on data released by the National Bureau of Statistics. Based on the calculations, among the 70 large and medium-sized cities in Mainland China in March, 14 cities (10 in February) traced MoM increments in the new home price index; 54 cities (53 in February) posted declines, while 2 cities (7 in February) were flat. Auto-translated by AI AASTOCKS Financial News |
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