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China's new home prices extend decline in February

BY Reuters | ECONOMIC | 09:38 PM EDT

BEIJING, March 16 (Reuters) - Prices of China's new homes remained in contraction in February, official data showed on Monday, indicating the troubled property sector is still far from recovery.

Home prices fell 0.3% compared with the previous month, moderating from the 0.4% drop in January, according to Reuters calculations based on data released by the National Bureau of Statistics.

On an annual basis, prices dropped 3.2%, after sinking 3.1% in January. (Reporting by Yukun Zhang, Liangping Gao and Ryan Woo; Editing by Kevin Buckland)

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Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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