China's 70-city property prices for April continued to slide overall, with new home prices down -0.12% month-on-month and existing home prices down -0.41% MoM, both seeing slightly steeper declines than the pace in March. Establishing a trough on a national level is taking some time, as the recovery of the property market remains uneven and gradual. It's possible that tariff-related pessimism and uncertainty kept more buyers on the sidelines in April. As the headline number suggests, April's city-level breakdown also softened a bit from March. Data showed that 25 of 70 cities saw new home prices unchanged or higher. ... (full story)