The cost of new housing in China rose at the slowest pace on more than a year in August as official metrics showed price growth in top-tier cities experiencing a marked deceleration.
The cost of new housing in 70 major cities grew 8.3 per cent in August, according to a weighted average from Reuters based on data from China’s National Bureau of Statistics.
The reading marked the ninth straight month of deceleration from a peak of 12.6 per cent in November 2016 as well as the slowest rate of growth since July of that year.
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