China's home prices dip in August

BEIJING, Sept. 15 (Xinhua) -- Most Chinese cities reported month-on-month fall in home prices in August, while fewer cities saw month-on-month price increases, official data showed Friday.

Last month, 17 out of 70 large and medium-sized cities reported month-on-month increases in new home prices, down from 20 in July, according to the National Bureau of Statistics.