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China Home Prices Climb as Buyers Defy Government Curbs

China’s new home prices rose in all but two cities in April, with housing values accelerating in key centers including Beijing and Shanghai as buyers defied the government’s latest round of property measures.

Prices climbed in 68 of the 70 cities the government tracked last month from a year earlier, the National Bureau of Statistics said in a statement today. The same number of cities posted gains in March, the most since September 2011.