The cost of new housing in China fell into single digit growth and the slowest pace in eleven months in July as both purchasing activity and investment broadly softened.
The cost of new housing in 70 major cities rose 9.7 per cent year on year in July, according to a weighted average from Reuters based on data from China’s National Bureau of Statistics.
The reading marked the eighth straight month of deceleration from a peak of 12.6 per cent in November as well as the slowest rate of growth since August 2016.
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