China’s new home prices grew moderately in December, official data showed on Friday, as government measures aimed at cooling the market took their toll, Reuters reports. Average new home prices in 70 major cities inched up by 0.1 percent in December, matching the pace in the preceding month, according to Reuters calculations of data from the National Bureau of Statistics. New home prices increased by 3.8 percent in December versus a year earlier, slowing slightly from a 4 percent increase in November.

Source: The Standard January 15, 2021 07:07 UTC