China’s new home prices tumbled at a slower pace at the end of 2021, after hitting a six-year low in November, official data show. According to the latest new home price indices released by the National Bureau of Statistics (NBS) on Jan. 15, new home prices in 70 tracked Chinese cities slipped 0.2 percent month-on-month in December, lower than the 0.3 percent drop a month earlier. China’s property market has slowed since June 2021 as regulators stepped up their deleveraging campaign against the bloated sector, triggering defaults at some heavily indebted companies. Yet the decline moderated as authorities and property developers in multiple Chinese cities introduced measures in December to boost home sales, including subsidies and discounts for buyers. Average monthly prices fell in 50 of the 70 cities last month, down from 59 in November—the worst since February 2015. New home prices edged down 0.1 percent on a monthly …