New home prices in China fall for the fortieth consecutive month

Official data released in September revealed that new home prices in China fell for the fortieth consecutive month amid the country's ongoing real estate crisis, although the rate of decline slowed compared to the previous reading.

Simultaneously, China's industrial production accelerated to 5.5 percent year-on-year in September, marking a 0.3 percentage point increase from the growth rate recorded the prior month, according to figures from the National Bureau of Statistics.