Residential Development in Guangzhou

Residential Development in Guangzhou

Brent Lewin/Bloomberg

A man on a bicycle rides past cranes operating at a residential construction development in the Haizhu district of Guangzhou. Prices in the southern Chinese city of Guangzhou surged 21 percent from a year earlier, 20 percent in nearby Shenzhen, 18 percent in Shanghai and 16 percent in Beijing.