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China home price slump eases, raising recovery hopes

Original: economy

New figures show the decline in China's home prices is slowing, easing pressure on the property sector that has weighed on the world's second-largest economy for years. The Business Times reports that the softer slump is fuelling hopes among analysts and investors that the housing market may be stabilising and heading toward a recovery, a potential boost for household confidence and broader economic growth.

Why now: Fresh data suggesting China's property downturn is bottoming out has direct implications for global growth and markets.

ChinaThe Business Times

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