China's January new home prices fell for the seventh straight month, official data showed on Friday, even as policymakers stepped up support to restore confidence in the debt-ridden sector. New home prices fell 0.3 per cent month-on-month after dipping 0.4 per cent in December, according to Reuters calculations based on National Bureau of Statistics (NBS) data. Prices were down 0.7 per cent from a year earlier, marking the steepest fall in 10 months, compared with a 0.4 per cent fall in December. The property market, once a pillar of the world's second-biggest economy, has been in the doldrums since 2021 due to a ... (full story)