Summary: China’s new-home prices fell by 0.22% in May, the steepest decline in seven months, indicating the effects of a stimulus blitz are wearing off. Residential sales and real estate investment also declined, prompting Premier Li Qiang to pledge action to revive the property market.

Link: https://www.theedgesingapore.com/news/china/chinas-home-prices-fall-faster-officials-pledge-support