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China's home prices continue to stabilize

Xinhua, May 18, 2017 Adjust font size:

China's property market in major cities continued to stabilize after authorities implemented a string of measures to contain price hikes, according to an official survey released Thursday.

Of 70 large and medium-sized cities surveyed, 30 cities witnessed a slower price rise year on year in April, up from 24 in March, said the National Bureau of Statistics (NBS).

A total of 31 cities witnessed a month-on-month price decline or a slower price uptick in April, said the NBS. Endi