China new home prices fall again in February despite mortgage rate cuts
- Prices of new homes in China fell 0.3% monthly in February, continuing January's decline
- Drop occurred despite record mortgage rate cut last month
- Decline led by top-tier cities like Beijing, Guangzhou and Shenzhen
- Data underscores calls for more policy support to shore up housing demand
- Pace of decline was similar to January's 0.3% monthly fall
