China’s July Property Prices Rise 10.3% From Year Earlier
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China’s property prices rose in July at a slower pace after the government clamped down on speculation to prevent asset bubbles and keep housing affordable.
Prices in 70 major cities climbed 10.3 percent from a year earlier, the statistic bureau’s newspaper, China Information News, reported today.That was less than the 11.4 percent increase in June and compared with the median estimate of 10.5 percent in a Bloomberg News survey of eight economists.