China July on-month home prices slow for fourth month


BEIJING: China's monthly property inflation moderated for a fourth straight month in July, although annual gains were the strongest this year, complicating policymakers' task of trying to cool the sector without stifling growth elsewhere.

Real estate, which directly affects about 40 other business sectors in China, is considered to be one of the crucial drivers of activity in the world's second-largest economy.

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