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China's house prices rise 1%
10:22 - 17/07/2018
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Information / Baghdad ..
China's new home prices rose 1 percent in June from a month earlier, after a 0.7 percent increase in May, according to figures from the National Bureau of Statistics released Tuesday.
Reuters calculations indicate that monthly price growth is the highest since October 2016.
On a year-on-year basis, new home prices in China's 70 major cities rose 5 percent, accelerating from a 4.7 percent increase in May, when prices rose at their fastest pace in nearly a year.
China's real estate market has stabilized gradually since the second half of last year as policymakers tightened restrictions to curb property bubbles and reduce credit risk. Ending / 25
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