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China: NBS statistics-rising property prices

Posted on 20 March 2013

Latest statistics show that prices for new houses rose more steeply in more Chinese cities in February, putting the government in an increasingly complex situation of regulating the bubble-ridden market.
Of a statistical pool of 70 major Chinese cities monitored by the National Bureau of Statistics or NBS, 66 cities saw new house prices increase within 3.1 percent in February from a month earlier, while three saw prices remain unchanged and only one reported price falls. The figures indicate warming in the housing market since January, when 53 cities reported a growth margin of no more than 2.2 percent………………………………………..Full Article: Source


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