China's home prices continued to decline in November despite easing property curbs.
According to data released by the National Bureau of Statistics, new home prices in 70 major cities showed a month-on-month drop. The latest data marked the sixth consecutive monthly drop.
New home prices in Beijing and Shanghai are down by 1.1 percent and 0.6 percent, respectively. 64 out of the 70 major cities saw price drops in October for existing homes, with drops ranging from 0.3% to 1.8%.
On an annual basis, home prices in 67 out of the 70 cities fell.