China home prices fall at slower pace amid easing measures

Pedestrians cross a road in front of residential buildings in Beijing, China. Home prices fell at a slower pace in March after authorities took further steps to prevent a worsening of a prolonged downturn in the real estate industry. - Bloomberg

CHINA’S home prices fell at a slower pace in March after authorities took further steps to prevent a worsening of a prolonged downturn in the real estate industry.

New home prices in 70 cities, excluding state-subsidised housing, slipped 0.07% last month from February when they dropped 0.13%, National Bureau of Statistics figures showed Friday.