China's house prices keep rising but at a slower pace

06/17/2013 | Market News International

The latest official data suggest that the Chinese government is having some success cooling the rate of house-price inflation. In May, house prices rose 1.1% on a month-to-month basis, compared with 1.3% in April and 1.45% in March, according to an analysis of the data by Market News International. The biggest percentage gains were in the first-tier cities of Beijing, Guangzhou and Shanghai.

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