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China housing prices rise at a slower pace

Posted on 09 October 2012

Home prices in major Chinese cities rose modestly in September from August, according to a private poll, indicating that Beijing has made some progress in keeping housing costs under control despite recent signs of market strength.
The increase, marking the fourth consecutive month-to-month rise in a survey of conditions in 100 major Chinese cities, illustrates the challenges China faces as it continues to try to tame the market. Beijing remains concerned about resurgent housing inflation that could threaten both economic and social stability………………………………………..Full Article: Source


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