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China Home Prices Fall Again in August Despite Government Support Measures

China's new home prices declined for another month in August, extending a prolonged slump in the property sector. While major cities showed some signs of stabilization, smaller cities continued to experience price drops. The government has introduced measures aimed at restoring buyer confidence and improving funding for developers. However, property sales and construction activity remain subdued, weighing on the broader economy. Despite recent policy interventions, no sustained market recovery has emerged so far.