Economics
China’s Home Prices Rose at Fastest Pace in Almost Two Years
- Government is set to maintain property curbs, JPMorgan says
- Despite rising prices, Chinese developers are pessimistic
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China’s home prices rose at the fastest pace in almost two years in August, adding to the likelihood of more government tightening in the housing market.
New-home prices gained 1.49 percent from the previous month, according to Bloomberg calculations based on data for 70 cities released by the National Bureau of Statistics on Saturday. That compared with a 1.2 percent increase in July. It was the sixth straight monthly acceleration.