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PRINTAverage home prices in 100 key Chinese cities fell in May for the ninth straight month, a private sector survey showed on Friday, reinforcing the message that Beijing's campaign to curb property speculation remains locked in place.
The average price of 8,684 yuan ($1,376) per square meter in the 100 cities surveyed was 0.31 percent lower than April, said the China Real Estate Index System (CREIS), a consultancy affiliated with China's largest online real estate company, Soufun Holdings (SFUN.N).
Average prices were 1.53 percent lower than May 2011, marking the second year-on-year fall since June 2011 when CREIS first began calculating the year-on-year change.
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