China’s Home Prices Rise at Faster Pace Despite Curbs
- Nationwide average new home price climbes fastest in 19 months
- Prices increase in 61 of 70 cities in May, up from 58 in April
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China’s home prices rose by the most in 19 months in May even as the government pressed ahead with a two-year campaign to curb property speculation.
New-home prices in 70 cities tracked by the government gained 0.8 percent from a month earlier, according to Bloomberg calculations based on data from the National Bureau of Statistics released Friday. That compared with a 0.57 percent increase in April.