New home prices in China grew at a steady pace in September, with fewer cities r...
BEIJING - New home prices in China grew at a steady pace in September, with fewer cities reporting price gains, a relief for policymakers who remain wary of high debt and bubble risk and are refraining from stimulating the sector as the economy cools.
Average new home prices in China’s 70 major cities rose 0.5% in September from the previous month, unchanged from the pace of growth in August, Reuters calculated based on National Bureau of Statistics data on Monday. Property prices increased for the 53rd straight month. Most of the 70 cities surveyed by the NBS still reported monthly price increases for new homes in September, though the number was down to 53 from 55 in August.
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