China's property prices fell for a third straight month in July, as demand wanes and lenders propping up the market pull back.
New home prices across 70 cities tracked by the government fell by an average 0.9 per cent between June and July, the sharpest tumble in three straight declines, according to a weighted average calculated by Reuters. In June prices fell half a per cent.
Sixty four of the 70 cities saw monthly prices fall, versus just 55 in June.
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