Chinese property prices in July deflated for an 11th straight month in July, but the pace of decline was its slowest of 2015.
New home prices in 70 cities fell by an average 3.7 per cent year-on-year last month, based on calculations by Reuters from official data published by China's National Bureau of Statistics. The results examine prices in 70 Chinese cities: in June they had fallen 4.9 per cent, in May they were down 5.7 per cent and in April they were down a record 6.1 per cent. July's deflation is the slowest since December.
However prices have deflated for 11 straight months now, indicating signs of strain in the economy.
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