China: New home sales in 16 cities rise for third week
The Chinese government says the property market is improving, after a new survey showed that sales of new homes in 16 cities rose for the third straight week. Analysts expect property prices to stop declining this year but say it may take years for the sector to fully recover. Al Jazeera's Katrina Yu reports from Beijing, China. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on Twitter: https://twitter.com/AJEnglish – Find us on Facebook: https://www.facebook.com/aljazeera – Check our website: https://www.aljazeera.com/ @AljazeeraEnglish #Aljazeeraenglish #News #China #housingcrisis
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