China's home price decline stabilizes month on month in September: official data

The decline in the prices of commercial residential homes in China's 70 large and medium-sized cities stabilized on a month-on-month basis in September, according to official data released on Friday.

In the country's first-tier cities, namely Beijing, Shanghai, Guangzhou and Shenzhen, new home prices edged down by 0.5 percent, compared with a 0.3-percent drop in the previous month, according to the National Bureau of Statistics (NBS).

Second- and third-tier cities both registered declines of 0.7 percent month on month, with the former matching the decline from the previous month, while the latter improved from a 0.8-percent drop in August.

In September, prices of resale homes in first-tier cities fell by 1.2 percent month on month, with the decline widening by 0.3 percentage point compared to the previous month, the NBS said.

In the second- and the third-tier cities, resale home prices both fell by 0.9 percent month on month. In second-tier cities, the decline narrowed by 0.1 percentage point compared to the previous month, while in third-tier cities, the decline remained unchanged from the prior month.

China's home price decline stabilizes month on month in September: official data

China's home price decline stabilizes month on month in September: official data

Canadian Prime Minister Mark Carney arrived in Beijing on Wednesday for an official visit to China through Saturday.

This visit marks the first trip to China by a Canadian Prime Minister in eight years.

When briefing on the visit of Carney, a Chinese foreign ministry spokesperson said President Xi Jinping will meet with the Canadian prime minister to provide new strategic guidance for further improving and developing China-Canada relations.

Chinese Premier Li Qiang and Chairman of China's National People's Congress Standing Committee Zhao Leji will hold separate talks and meetings with the Canadian prime minister to conduct comprehensive and in-depth exchanges on bilateral relations as well as issues of mutual interest.

The spokesperson said China looks forward to taking this visit as an opportunity to enhance dialogue and communication, increase political mutual trust, expand practical cooperation, properly manage differences, address each other's concerns and consolidate the momentum of improvement in China-Canada relations to bring greater benefit for the two peoples.

Canadian PM arrives in Beijing for official visit