China's housing market prices continue to fall across most major cities.

Prices for new homes in 70 major Chinese cities fell in February compared to the previous month. The year-over-year price decline also continued across most of these cities.

This data shows a continued cooling in China's property market. For years, real estate has been a major driver of the Chinese economy. Falling prices mean less wealth for homeowners and potentially less investment in new construction. This could slow economic growth and impact related industries like construction and materials.