Chinese home prices have finally stabilised after more than a year of price declines, according to China's National Bureau of Statistics.
According to calculations by Reuters, new home prices in 70 large cities were up by an average 0.1 per cent year-on-year, improving from a 0.9 per cent decline in September, a 2.3 per cent decline in August and a 3.7 per cent decline in July.
In March and April they deflated at a record pace of 6.1 per cent, the biggest drop since the data series started in 2011.
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