China's home prices jumped

According to China's statistics bureau, new home prices increased in 25 cities out of the 70 that the government looks at in June. The biggest increase was noticed in Hangzhou, where prices rocketed 0.6 per cent, while major cities like Beijing and Shanghai recorder 0.3 increase.  Despite the fact, that new home prices rose in June, China's home sales increased 41 per cent from the previous month to 531.3 billion Yuan ($83 billion).