The cost of new housing in China fell into single digit growth and the slowest pace in eleven months in July as both purchasing activity and investment broadly softened.

随着购买活和投资的大幅减缓，7月份中国新建住宅销售价格同比涨幅降至个位数，且增速降到11个月来最慢速度。

The cost of new housing in 70 major cities rose 9.7 per cent year on year in July, according to a weighted average from Reuters based on data from China’s National Bureau of Statistics.

根据路透社(Reuters)基于中国国家统计局数据计算加权平均数显示，7月份70个主要城市新建住宅销售价格同比上涨9.7%。

The reading marked the eighth straight month of deceleration from a peak of 12.6 per cent in November as well as the slowest rate of growth since August 2016.

该读数标志了从去年11月12.6%的峰值连续第8个月下滑，也是自2016年8月以来最慢增速。

In year-on-year terms prices rose in every one of the 70 cities surveyed last month, with only Shenzhen notching a pace of growth below 1 per cent. Growth cooled off in a number of top-tier cities as well: Beijing saw a rise of 8.9 per cent (down 1.8 percentage points from June), while prices in Shanghai were up 7.3 per cent (down 1.3 percentage points).

从同比价格上涨角度分开来看这70个大中城市在上个月的增长情况，只有深圳的增速低于1%。部分一线城市的增长也出现滑落，北京同比增长8.9%，比6月份回落1.8个百分点;上海房价同比上涨7.3%，比上月滑落1.3个百分点。

Price growth was also markedly softer in month-on-month terms, with a rise of 0.4 per cent in the weighted average for prices in July ending a three-month streak at 0.7 per cent growth.

从环比角度来看价格增长也明显疲软，7月份加权平均价格上涨0.4%，结束了连续三个月0.7%的增长。

July also saw month-on-month price falls in nine cities, compared to six in June – concentrated largely in major cities including Beijing, Shanghai, Chengdu, Nanjing, Tianjin and Shenzhen. The average fall was slower, however, at 0.2 per cent, compared to June’s drop of 0.3 per cent.

7月份还有9个城市环比价格出现下跌——6月份为6个城市——主要集中在北京、上海、成都、南京、天津和深圳等主要城市。不过平均回落速度放缓至0.2%，6月份为0.3%。

The latest price data also tracks with a recent slowdown in investment and purchasing, at least according to official data. In July sales of new housing slowed in both value and volume terms after a brief uptick in June, while the pace of investment growth hit its lowest level in 2017.

这一最新住宅销售价格数据也跟随了投资和购买在近期的下滑——至少依据官方数据。经过6月份的短暂回升后，7月份新建住宅销售在价格和数量方面均有所放缓，而投资增速降至2017年以来最低水平。