China Housing Prices Slide Another Month, Pressuring Developers
China’s housing prices continued to drop last month, adding to pressure on developers already suffering from a sales slump and a credit crunch under restrictive real estate lending policies.
The average price of new homes in 31 second-tier cities — provincial capitals — dropped 0.2% from September. Prices in smaller third-tier cities dropped 0.3%, according to figures released by the National Bureau of Statistics Monday.
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