The News Craving
Published by
Reuters
Reuters
By Liangping Gao and Ryan Woo BEIJING (Reuters) – China’s new home prices stalled for the first time since February 2020 in September, as the chill in the property market intensified amid tightening credit due to an ongoing crackdown on speculative investment. The average new home price in 70 major Chinese cities was unchanged in September month-on-month, compared with 0.2% growth in August, according to Reuters calculations based on data released by the National Bureau of Statistics (NBS) on Wednesday. The data also showed just 27 cities reported month-on-month gains, compared with 46 in Augu…
