China: Issues on housing market
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The number of transactions in the secondary housing market in the first 17 days of October decreased by 63% (almost three times) compared to the same period a year ago. In September, the decline was only 17%.
China's Bureau of Statistics reported that property prices plunged in September, for the first time since 2015, by 0.08% for new homes and 0.19% in the secondary market.
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