China’s home prices fell for the first time in six years in September amid a home sales slump and developer debt crises, casting shadows on the country’s weakening economic growth.
China’s average new home price in 70 cities slightly declined in September compared with a month earlier, and the year-on-year increase continued to slow, Sheng Guoqing, the chief statistician of China’s National Bureau of Statistics (NBS), said on Oct. 20.
