China June Home Sales Rise 31% on Sales in Small Cities
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China’s June housing transactions rose 31 percent from May as homebuyers defied government curbs and developers posted gains from sales in smaller cities.
The value of home sold last month increased to 499.2 billion yuan ($77 billion), compared with 380.9 billion yuan, based on first-half economic data provided by China’s statistics bureau today. Housing sales in the first half climbed 22 percent to 2.1 trillion yuan from a year earlier, according to the data.