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Home prices in July fall in majority of Chinese cities

Tight mortgage lending deters buyers even as local govts ease curbs

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Taking a hit: Prices have dropped in 64 of the 70 Chinese cities last month from June, the most since January 2011. - PHOTO: REUTERS

[SHANGHAI] China's new-home prices fell in July in almost all cities that the government tracks as tight mortgage lending deterred buyers even as local governments eased property curbs.

Prices fell in 64 of the 70 cities last month from June, the National Bureau of Statistics said

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