China Home Sales Rise for First Time in 20 Months on Policy Aid

(Bloomberg) — China’s home sales rose for the first time in 20 months, signaling demand is recovering after policymakers expanded support for the struggling sector. 

The value of new home sales by the 100 biggest real estate developers climbed 14.9% in February from a year earlier to 461.6 billion yuan ($67 billion), according to preliminary data from China Real Estate Information Corp.