China Housing a Bright Spot in Soggy Economy as Prices Gain

May 16 2019, 1:38 AMMay 16 2019, 2:52 AMMay 16 2019, 1:38 AMMay 16 2019, 2:52 AM

(Bloomberg) -- New-home price growth in China accelerated slightly in April, providing a bright spot for a slowing economy being buffeted by an intensifying trade war.

The average value of new homes, excluding government-subsidized housing, in 70 major cities, rose 0.62% last month, according to data released by the statistics bureau Thursday. That follows a 0.61% gain in March.

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