China Home Prices Decline In December: Survey

Chinese home prices declined in December, according to survey data. National house prices dropped 0.25% in December from a month earlier, with average prices at 8,809 yuan ($1,400) per square meter, versus 8,832 yuan per square meter in November, according to the China Real Estate Index System. An official property-price index for December is scheduled for release by the National Bureau of Statistics on January 18.