China Home-Price Slump Persists as Authorities Vow to Stabilize
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000China’s home-price slump dragged on in November, the latest chapter in a yearslong downturn that policymakers have promised intensifying efforts to address.New-home prices in 70 cities, excluding state-subsidized housing, dropped 0.39% from October, when they slid 0.45% in the biggest decline in a year, figures from the National Bureau of Statistics showed on Monday. Resale home values, which are subject to less government intervention, fell 0.66%, the same pace as a month earlier.