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China’s home prices grow at slowest pace in 10 months

Posted on 10 November 2010

From Bloomberg: China’s property prices rose at the slowest pace in 10 months in October after the government raised interest rates and expanded measures to limit the risk of asset bubbles in the world’s fastest-growing major economy.
Home prices in 70 cities climbed 8.6 percent from a year earlier, China Information News, the statistics bureau’s newspaper, reported today. That’s slower than the 9.1 percent increase in September and the 8.9 percent median estimate in a Bloomberg News survey of six economists……………………………………….Full Article: Source

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