Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, July 15 (Xinhua) — The pace of decline in commercial housing prices in 70 large and medium-sized cities in China continued to slow in June 2025, official data showed Tuesday.
According to the National Bureau of Statistics of China, in four first-tier cities – Beijing, Shanghai, Guangzhou and Shenzhen – prices for new apartments fell by 1.4 percent compared with a year earlier, while the rate of decline slowed by 0.3 percentage points compared with May.
In particular, the country's economic center, Shanghai, last month saw prices for new apartments rise by 6 percent year-on-year.
In June, prices for apartments in new buildings in second- and third-tier cities fell by 3 percent and 4.6 percent, respectively, year-on-year; compared to May, the decline slowed by 0.5 and 0.3 percentage points, the State Investigative Committee reported. -0-
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