Growth in the cost of new housing in China decelerated for a twelfth straight month in November, according to official figures, marking the slowest rise since early 2016.
The average cost of new housing in 70 major cities grew 5.1 per cent in November, according to a weighted average from Reuters based on official data from China’s National Bureau of Statistics.
The reading marked the twelfth consecutive month of slowing growth following a peak of 12.6 per cent in November 2016, as well as the slowest rate of growth since March of that year.
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