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China’s November Home Price Gain at Slowest in a Year

China’s property prices rose at the slowest pace in a year in November after the government raised the reserve-ratio requirement for banks twice and expanded measures to limit the risk of asset bubbles.

Home prices in 70 cities climbed 7.7 percent from a year earlier and increased 0.3 percent from October, the statistics bureau said on its website today. The year-on-year advance was slower than the 8.6 percent gain in October and the 8 percent median estimate in a Bloomberg survey of seven economists. Sales volume increased 14.5 percent from a year earlier and transaction values surged 18.6 percent, the report said.