New Home Owners Aided by Rousseff Buoy Her Re-Election
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New home price growth in China’s first-tier cities slowed in January after local governments implemented property measures to rein in escalating values and banks tightened lending.
Home prices in the capital city of Beijing and the southern business hub of Shenzhen both rose 0.4 percent from a month earlier, the National Bureau of Statistics said in a statement today, the slowest pace since October 2012. Prices in Shanghai added 0.5 percent, the smallest increase since November 2012, and those in Guangzhou gained 0.7 percent.