BEIJING—China’s new home prices grew at their weakest pace in nearly two years in November while property investment also eased, with tightening policies continuing to cool the market even as some local easing is expected to prevent a sharp slowdown.
The property market, which directly impacts more than 40 industries, is a key growth driver for China as policymakers try to revive the ailing manufacturing sector and restore flagging consumer confidence amid a bruising trade war with the United States.
