China's home prices continue to cool in June, declines narrowing

BEIJING - Major Chinese cities reported falling home prices in June with narrowing declines, official data showed on Monday.

The National Bureau of Statistics said home prices saw narrowed month-on-month drops last month in 70 large and medium-sized cities. On a yearly basis, the country's four first-tier cities, namely Beijing, Shanghai, Guangzhou and Shenzhen reported narrowed declines in second-hand home prices.