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China’s home prices see biggest fall in 7 years, recovery bumpy

China’s home prices see biggest fall in 7 years, recovery bumpy

© Reuters. FILE PHOTO: Surveillance cameras are seen near residential buildings under construction in Shanghai, China July 20, 2022. REUTERS/Aly Song BEIJING (Reuters) -China’s new home prices fell at their fastest pace in over seven years in October, weighed down by COVID-19 curbs and industry-wide problems, reflecting a deepening contraction that prompted authorities to ramp…