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China New-Home Prices Rebound After Interest-Rate Cuts

China’s new-home prices rose in the largest number of cities in 14 months in July after interest-rate cuts and incentives for first-time buyers, complicating efforts to stimulate economic growth while curbing speculation.

Prices climbed from a month earlier in 49 of the 70 cities tracked by the government, the National Bureau of Statistics said on its website on Aug. 18. That was the most since May last year and compared with 25 cities in June. Prices fell in nine cities and were unchanged in 12.