China's 70 major cities generally saw narrowed year-on-year home price drops in July, data from the National Bureau of Statistics showed on Monday.
In the four first-tier cities of Beijing, Shanghai, Guangzhou and Shenzhen, new home prices fell 1.1 percent year on year last month, compared with a 1.3-percent drop in June, while the decline in second-hand home prices narrowed from 4.9 percent to 3.7 percent in July.
In other cities, year-on-year declines of home prices also narrowed slightly in July, except new home prices in third-tier cities, where the decline was unchanged from June.
On a month-on-month basis, home prices in first-tier cities generally rose, while those in second- and third-tier cities went down. Across the 70 cities, 23 recorded increases or no change in new home prices, two more than in June, while the figure for second-hand homes was eight, two fewer than the previous month.
The NBS releases a monthly home price report tracking market changes in 70 major cities, including four first-tier cities, 31 second-tier cities and 35 third-tier cities.
China reports narrowed home price declines in July
Fifty-three percent of U.S. voters feel they are worse off financially since U.S. President Donald Trump took office in January 2025, compared with only 21 percent who said they are better off, according to a recent poll by the Financial Times.
The poll also showed clear partisan cleavages, with almost 80 percent of Democrats saying they are worse off under Trump, as opposed to 23 percent of Republicans who said the same.
Meanwhile, 64 percent of voters found that the U.S. economy is going in the wrong direction, while only 25 percent said it is going in the right direction.
Eighty-six percent of Democrats believe the economy is heading in the wrong direction, while the share among Republicans stands at 37 percent.
Overall, 55 percent of voters disapprove of the job Trump was doing as president, the poll found. They were especially dissatisfied with his handling of inflation and the cost of living, jobs and the economy, tariffs and trade and Iran.
The findings highlight the significant challenges facing Trump and the Republican Party ahead of November's midterm elections, as public dissatisfaction grew with the war in Iran, which has pushed up borrowing costs, petrol prices and the cost of living, said The Financial Times.
The online August poll reflected the opinions of 1,913 registered voters.
Poll shows most U.S. voters feel worse off financially since Trump took office
