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Chinese House Price Growth Continues to Weaken
House price growth in China slowed further in August, with the average price of newly constructed commercial residential buildings rising by 8.2% year-on-year, down from 9.3% in July, according to data from 70 medium and large cities collected by the country’s National Bureau of Statistics. Prices rose on an annual basis in 68 of the 70 cities in August compared with all 70 in July.