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China new home prices fall at fastest rate in nearly 10 years; French political uncertainty weighs on markets – business live

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China’s glut of idle property causes headache for the government

China has retaliated against Europe’s new curbs on its electric cars, by opening an anti-dumping investigation into imported pork and its by-products from the European Union.

China is the EU’s biggest overseas market for pork, which was worth over $1.8bn last year according to Bloomberg, led by shipments from Spain, Denmark and the Netherlands.

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