China’s June Home Sales Rise 33% as Price Cuts Lure Buyers
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China’s home sales rose 33 percent in June from the previous month as price cuts by developers lured buyers.
The value of homes sold climbed to 591.2 billion yuan ($95 billion) last month from 446.1 billion yuan in May, according to the difference between the National Statistics Bureau’s data for the first half of the year and the first five months. That was the biggest monthly gain this year. The value of sales in the first six months fell 9.2 percent to 2.56 trillion yuan from a year earlier, the data showed.