China new-home prices increase on interest-rate cuts

Note: This section contains information in English only.
Source: Bloomberg
China's new-home costs surged in the biggest number of cities in fourteen months in July amid interest-rate cuts, challenging the government's efforts to boost economic growth while constraining housing speculation. Prices rose in 49 of the 70 cities from preceding month, the most since May 2011, the National Bureau of Statistics reported on Monday.

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