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New home prices up in most China cities

Posted on 20 May 2011

More Chinese cities saw new home prices rise in April compared with the previous month, and price growth has risen a tad in some major cities despite a fall in transactions, underscoring challenges the central government faces in curbing prices.
Faced with public anger over unaffordable housing prices, China’s authorities have progressively implemented a series of measures to rein in speculation in the property market, including restrictions on property sales, stepped-up monitoring of prices and tighter monetary policies……………………………………….Full Article: Source


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