China's home prices ease in August

BEIJING, Sept. 16 (Xinhua) -- China's home prices in 70 large and medium-sized cities eased in August, with more cities seeing a decline in home prices, according to data released by the National Bureau of Statistics (NBS) on Friday.

In August, 50 out of the 70 cities saw a month-on-month drop in new home sales prices, up from 40 in July. A total of 56 cities witnessed a decrease in resale home prices, up from 51 from the previous month, data from the NBS showed.