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No Stopping China Property Market as Small Cities Set Record

  • New-home prices keep accelerating in data from 70 cities
  • Tightened approvals for shanty-town projects are yet to bite
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Phillip Zhong, Asia senior equity analyst at Morningstar Investment, discusses the state of China’s housing market.(Source: Bloomberg)
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There’s no stopping China’s property market.

New-home prices rose at the fastest pace in 22 months in July, climbing 1.2 percent from the previous month. That’s according to Bloomberg calculations based on statistics bureau data for 70 cities released Wednesday. It was the fifth straight monthly acceleration.