China's new home prices up for 6th straight month in January

Beijing

CHINA's new home prices increased in January for the sixth straight month, a survey showed on Monday, positive news for the key sector following a series of stimulus measures aimed at boosting lending.

The gains come as authorities have sought to stabilise China's property market - a main driver of the world's second-largest economy - and rolled out new measures intended to encourage migrant workers to buy homes in the cities where they work.