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China’s home prices rise albeit slowly

Posted on 24 January 2013

China’s home prices extended their slow rise in December, the fifth month in the last six to show an increase despite the government efforts to temper prices. Average home prices in 70 major cities across China rose 0.4 per cent in December from the previous month, after a 0.3 per cent rise in November, according to Reuters’ calculations based on data released by the National Bureau of Statistics.
Real estate investment - which accounted for 13.8 per cent of China’s GDP in 2012 — rose 16.2 per cent last year from a year earlier, slowing from an annual increase of 16.7 per cent in January-November………………………………………..Full Article: Source


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