China’s property market continues to face challenges as home prices dropped at a faster rate in April. New-home prices in 70 major cities fell by 0.12% compared to March’s decline of 0.08%, according to data from the National Bureau of Statistics. Used home values also decreased by 0.41%, an acceleration from the previous month’s 0.23% drop. This trend highlights ongoing concerns for policymakers managing the property market amid trade tensions with the US.
— new from Bloomberg
