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China new home prices in biggest fall on record

Continued drop a risk to government's 7% growth target

Data showed new home prices in Beijing fell 0.2 per cent between February and January.

Hong Kong

CHINA'S average new home prices fell at the fastest pace on record in February from a year earlier, hurt by slower sales during the Chinese New Year holidays, but developers and analysts expected prices to slowly recover - particularly in top-tier cities.

Average new home