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Chinese cities rein in home prices

Posted on 20 June 2011

More Chinese cities have seen month-on-month declines in the prices of both new and secondhand homes, according to the National Bureau of Statistics (NBS) on Saturday.
The NBS said in a statement on its website that month-on-month price growth for new commercial homes was reported in 50 out of the NBS’s statistical pool of 70 major cities. That compared to 56 cities reporting month-on-month growth in April……………………………………….Full Article: Source


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