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Growth in Chinese home prices accelerates to two-year high

  10
21:40 15-09-2018
Şriftin ölçüsünü dəyiş  

 China’s home prices accelerated in August at the fastest pace in nearly two years, a sign that Beijing’s efforts to boost a slowing economy may once again be heating up frothy real estate markets, Reuters  reports.

While solid growth in the sector could cushion the impact of a vigorous multi-year government crackdown on debt and escalating trade tensions with the United States, it could also stoke fears of a bubble.

Average new home prices in China’s 70 major cities rose 1.4 percent in August from a month earlier, higher than July’s reading of 1.1 percent, Reuters calculated from an official survey published on Saturday.

That marks the fastest gain since September 2016, and the 40th straight month of price increases, Reuters calculations show, despite tougher curbs designed to rein in a near-three-year real estate boom that has spilled over from megacities to the hinterland.