The Economic Times

China's new home prices fall faster in May as property slump persists despite big-city resilience

China's new home prices saw a 0.2% dip in May from April, marking a steeper decline and a 3.5% year-on-year fall. While larger cities show signs of stabilization with price increases, smaller cities continue to experience falling prices. Property sales and investment also declined more sharply in the first five months of the year.