China’s New Home Prices See Slowest Growth in 8 Months

China’s New Home Prices See Slowest Growth in 8 Months
Construction site of an Evergrande housing complex in Beijing on Sept. 13, 2021. Greg Baker/AFP
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Data on Sept. 15 showed China’s home-price growth eased to an 8-month low, as property investment in August rose at the slowest pace in 18 months.

Average new home prices in 70 major Chinese cities grew 0.2 percent last month after rising 0.3 percent in July, according to Reuters calculations based on data released by the National Bureau of Statistics.

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