China's December home price growth hits slowest annual pace in almost 1-1/2 years
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BEIJING (Reuters) - China's new home prices grew at their weakest pace in 17 months in December, with broader curbs on the sector continuing to cool the market in a further blow to the sputtering economy. Average new home prices in China's 70 major cities rose 6.6% in December, slowing from a 7.1% gain in the previous month, Reuters calculation based on National Bureau of Statistics (NBS) data on Thursday. It was the slowest pace since July 2018, and significantly weaker than the 9.7% gain seen..