20.06.2012 - China: Housing price decline slows down

Central bank's rate cut leads to shift in view of potential buyers. The latest figures from the National Bureau of Statistics show that residential house prices declined at a significantly slower rate in May, triggering concerns over a short-term rebound in prices. In May, of the 70 large and medium-sized cities monitored by the bureau, 43 cities' sale prices declined, there was no change in 21, and six saw an increase...............................................Full Article: Source

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