The PBOC cut interest rates last month for the first time in more than two years in an effort to stimulate housing demand. Photo: AFPThe PBOC cut interest rates last month for the first time in more than two years in an effort to stimulate housing demand. Photo: AFP
The PBOC cut interest rates last month for the first time in more than two years in an effort to stimulate housing demand. Photo: AFP

Falls in mainland China new home prices ease

Hopes of an immediate strong recovery continue to be weighed down by record high inventories

Topic |   China property
The PBOC cut interest rates last month for the first time in more than two years in an effort to stimulate housing demand. Photo: AFPThe PBOC cut interest rates last month for the first time in more than two years in an effort to stimulate housing demand. Photo: AFP
The PBOC cut interest rates last month for the first time in more than two years in an effort to stimulate housing demand. Photo: AFP
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