What's Behind China's Increasing Home Prices?
Chinese home prices rose the most in more than six years last month, suggesting local government efforts to avert a housing bubble are having only a limited effect. New-home prices, excluding government-subsidized housing, in August gained in 64 of the 70 cities the government tracks, compared with 51 in July, the National Bureau of Statistics said Monday. Prices fell in four cities, compared with 16 a month earlier, and were unchanged in two. Hermes Investment Management Chief Executive Officer Saker Nusseibeh discusses with Bloomberg's Anna Edwards on "Countdown."