China's home price decline continues to narrow in June

6月份中国房价降幅持续收窄

BEIJING, July 15 (Xinhua) -- The decline in the prices of commercial residential homes in China's 70 large and medium-sized cities continues to ease on a year-on-year basis in June, official data showed on Tuesday.

新华社北京7月15日-周二官方数据显示，6月份中国70个大中城市的商业住宅价格同比下降幅度继续减缓。

In the four first-tier cities, namely, Beijing, Shanghai, Guangzhou, and Shenzhen, new home prices dropped 1.4 percent from a year earlier, with the pace of decline narrowing by 0.3 percentage points from May, according to the National Bureau of Statistics (NBS).

国家统计局数据显示，在北京，上海，广州和深圳这四个一线城市，新房价格同比下降1.4% ，降幅较5月份收窄了0.3个百分点 。

Notably, Shanghai, the country's economic hub, recorded a 6 percent year-on-year increase in new home prices last month, the NBS said.

国家统计局特别指出，上海作为全国经济中心，上个月新房价格同比上涨6%。

Second- and third-tier cities saw new home prices fall by 3 percent and 4.6 percent year on year in June, with the declines narrowing by 0.5 and 0.3 percentage points, respectively.

二三线城市新房价格在6月份同比分别下降3% % 和4.6% %，降幅分别收窄0.5个和0.3个百分点。