China's home prices continue to ease in May

BEIJING, June 16 (Xinhua) -- China's home prices in 70 large and medium-sized cities continued the downward trend in May, though the pace of decline slowed, the National Bureau of Statistics (NBS) said Monday.

"In May, home prices in 70 major cities continued to fall on a yearly basis, but the pace of decline further eased," said NBS statistician Wang Zhonghua. ■