China's house prices continue to increase

11/18/2013 | Market News International

The Chinese government is showing no signs of preparing action to slow an increase in house prices, so buyers are continuing to bid up the market. Prices climbed 11.9% in October, the sharpest year-on-year gain on record, according to calculations by Market News International. Big cities, including Beijing, Shanghai and Guangzhou, saw the largest increases.

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