China_ 70-city average primary property prices decline accelerated in January

China: 70-city average primary property prices decline accelerated in January Bottom line: The National Bureau of Statistics' 70-city house price data suggest the weighted average property price in the primary market fell by 5.3% mom annualized in January after seasonal adjustments. The widening in sequential decline of house prices was broad-based across all city tiers. We emphasize the 70-city data are for primary market transactions (new home sales) only; secondary market data by NBS and some third-party ...