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BEIJING, Aug 17 (Reuters) – China’s new home prices were stagnant in July, underscoring the challenges for a broad recovery of the housing sector as demand remained subdued.
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New home prices fell 0.1% in July from the previous month, matching June’s decline, according to Reuters calculations based on data released by the National Bureau of Statistics.
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On an annual basis, prices fell 3.2%, narrowing from a 3.3% decrease in June.
(Reporting by Liangping Gao, Yukun Zhang and Ryan Woo; Editing by Sam Holmes and Christopher Cushing)
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