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China's National Bureau of Statistics released its home prices data on Thursday. According to Reuters' calculation, average new home prices in China's 70 major cities rose 0.2% in May from April. It was the first increase in 13 months.
On a yearly basis, new home prices declined 5.7% in May.
41 of 70 cities recorded price declines in May, down from 47 cities in April.
On a year-on-year basis, new-home prices declined in 69 cities in May, same as in April.
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