China reports falling home prices in May-Xinhua

China reports falling home prices in May

Source: Xinhua

Editor: huaxia

2024-06-17 09:53:15

An aerial drone photo taken on Dec. 21, 2023 shows a city view of Changzhou, east China's Jiangsu Province.   (Xinhua/Yang Lei)

BEIJING, June 17 (Xinhua) -- Major Chinese cities reported falling home prices in May, official data showed on Monday.

The National Bureau of Statistics said that 70 large and medium-sized cities saw month-on-month declines in both new and second-hand home prices. 

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