Housing market touches bottom, NBS figures show

Prices still fall during November, but more slowly and by smaller amounts

There are clearer signs of stabilization in the property market since the central bank's interest rate cut last month, with apartment prices in fewer Chinese cities declining in November, figures released by the National Bureau of Statistics on Thursday showed.

Prices dropped month-on-month in 67 of the 70 cities tracked by the government, compared with 69 in October, the NBS said.