BEIJING, China: China's new home prices recorded their steepest annual drop in nine years this October, yet officials noted early signs of stabilization amid government efforts to support the struggling property sector.
New home prices fell 5.9 percent year-on-year, marking the 16th straight month of declines and the sharpest fall since 2015. However, the month-on-month decline slowed to 0.5 percent, the smalles