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In China’s second-tier cities, prices of second-hand houses in May saw a year-on-year decline of 1.7 percent, 0.7 percentage points faster than the declining pace recorded in April. In third-tier cities, the year-on-year growth rate of second-hand house prices in May saw a year-on-year decrease of 3.2 percent, 0.7 percentage points faster than the decrease in April.