CHINA'S NEW HOME PRICES FALL AGAIN BUT DECLINES EASE IN MAJOR CITIES

China's new home prices fell again in July, dropping 0.3% on month, but declines eased slightly in major cities as more local governments rolled out incentives for homebuyers, though further support is still needed.

The month-on-month decline was calculated by Reuters, based on data released by the National Bureau of Statistics (NBS) on Friday. In June, prices fell 0.3%. China's property market has been stuck in a severe slump for more than four years, with declining prices, sales, new investment and construction starts weighing on economic growth. Analysts are unsure when conditions will bottom out.

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