China Home Sales Resume Decline as Stimulus Effect Wears Off

China’s residential sales resumed falling in January, suggesting the property sector still has some way to go before it can show a sustained recovery.

The value of new-home sales from the 100 biggest real estate companies dropped 3.2% from a year earlier to 227.6 billion yuan ($31.4 billion), after being flat in December, according to preliminary data from China Real Estate Information Corp.