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China calls for action after housing prices perk up

Posted on 18 August 2010

From Reuters: Officials throughout China must work to stabilise the real estate market after property prices shrugged off a tightening campaign and rose in July, the powerful central planning agency said.
Property prices rose 1.6 percent in July from a month earlier to an average of 8,680 yuan ($1,276) per square meter, the National Development and Reform Commission (NDRC) said in announcing the results of its survey of 36 large- and medium-sized cities……………………………………….Full Article: Source


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