BEIJING, Sept 15 (Reuters) – China’s new home prices extended declines in August, official data showed on Tuesday, underscoring the persistent drag from the country’s prolonged property downturn.
New home prices fell 0.1% in August, matching the decline in July and June, according to Reuters calculations based on data released by the National Bureau of Statistics.
On an annual basis, prices fell 3.0%, narrowing from a 3.2% drop in July, the slowest pace of decline this year.
(Reporting by Yukun Zhang，Liangping Gao and Ryan Woo; Editing by Tom Hogue)
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