中國經濟

Chinese property prices deflate further

House prices in China continue to fall as investors shift focus from the property market into equities.

China's National Bureau of Statistics said its property prices index for November showed that new home prices fell 3.7 per cent from a year ago, the third straight annual decline following readings of -2.6 per cent in October and -1.3 per cent in September.

On the a monthly basis prices fell by an average 0.5 per cent.

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