BEIJING, July 15 (Reuters) – China’s new home prices contracted again in June, though at a slightly slower pace, official data showed on Wednesday, as weakness in nationwide demand offset small pockets of improvement in core cities.
New home prices dropped 0.1% in June from the previous month, compared with a 0.2% decline in May, according to Reuters calculations based on data released by the National Bureau of Statistics.
On an annual basis, prices fell 3.3%, easing from a 3.5% decrease in May.
(Reporting by Yukun Zhang, Liangping Gao and Ryan Woo; Editing by Jacqueline Wong)
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