Property market shows stronger recovery signs

BEIJING — China on Monday released its latest housing price data, indicating that the property market in the world's second-largest economy is on a stronger footing for recovery, supported by a raft of policy measures.

In the country's 70 large and medium-sized cities, the decline in prices for commercial residential units narrowed on a year-on-year basis in November, said the National Bureau of Statistics.

The 70 cities are categorized into three tiers nationwide, and each tier reported a narrowed decline last month.