BEIJING (Reuters) -China's new home prices fell at the fastest pace in 11 months in September, worsening the property sector's drag on broader economic growth as policymakers struggle to revive the flailing market. Persistent property market weakness is weighing on consumer confidence and sapping household spending, building the case for policymakers to step up support to shore up growth amid global trade threats. New home prices fell 0.4% month-on-month, following a 0.3% fall in August, according to calculations by Reuters based on National Bureau of Statistics data released on Monday. Year-on-year, prices fell 2.2% in September versus a 2.5% drop in August. "If the value of real estate, especially in first-tier cities, continues to shrink, people will feel they have less money to spend a
China's new home prices fall at fastest pace in 11 months

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