CRI听力:Property Market Bust in Small and Medium-sized Cities

New data shows more Chinese cities are reporting month-on-month drops in new home prices.

The National Bureau of Statistics says of 70 major Chinese cities, eight recorded declines in April, double the number recorded in March.

Price gains were recorded in 44 cities, down from 56 the month before.

For existing homes, prices increased in 35 cities month on month in April, down from 42 cities in March.

For more on what's happening in the property market here in China, we're joined on the line by Mike Bastin, visiting professor of China's University of Economics and Business.