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China Home-Price Growth Weakens as Housing Recovery Falters
China’s home prices grew at the slowest pace in four months in May, underscoring the challenges the market is facing as economic growth loses momentum. New-home prices in 70 cities, excluding state-subsidized housing, increased 0.1% last month from April, when they grew 0.32%, National Bureau of Statistics figures showed Thursday. Prices declined 0.23% in the secondary market, snapping three months of gains. The figures add to evidence of renewed weakness in the residential property market after sales and prices rallied briefly following a historical slump. China is considering a broad package of stimulus measures ... (full story)