China new home prices slip, sombre omen for 2014 GDP
BEIJING--China's new home prices fell significantly in December for a fourth straight month even as year-end sales volumes surged, a sombre omen for fourth-quarter 2014 economic growth data due out later in the week.
Sunday's gloomy National Bureau of Statistics' data foreshadowed weak economic figures set for Tuesday, with expansion expected to slow to 7.2 percent, the weakest since the depths of the global financial crisis.
Falling property prices are likely to keep pressure on policymakers to head off a sharper slowdown this year Read more
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