Growth in new home prices in China slows

China's property market continued to cool in April.

Average new home prices in 70 major cities rose 6.7 percent in April from a year earlier, down from a 7.7 percent rise in March, according to Reuters calculations based on data released by the National Bureau of Statistics on Sunday.

From the previous month, prices rose 0.1 percent in April, slowing from a 0.2 percent rise in March.

New home prices fell in eight of the 70 cities in April from the previous month. March had seen prices fall in four cities.