[HIGHLIGHTS] In January, the month-on-month decline in house prices in 70 Chinese cities narrowed, with new and second-hand house prices falling in fewer cities.

In January, the month-on-month decline in house prices in 70 Chinese cities narrowed, with new and second-hand house prices falling in fewer cities. Data released by the National Bureau of Statistics of China on the 23rd showed that in January, among 70 large and medium-sized cities in China, the sales prices of new commercial housing fell in 56 and 68 cities respectively, a decrease of 6 and 2 respectively from the previous month.

Among the 70 cities, the number of cities where the price of newly built commercial housing increased month- on-month increased from 7 in previous month to 11.