Chinese home price data fuels bubble conundrum

2012-08-20 19

Prices for new homes in China rose by just 0.1 percent in July from the previous month and they were down 1.5 percent from a year ago.

A modest rise for the second month running, following falls between October and May, makes it more likely Beijing will continue the campaign it has had underway for the last two years to cool red-hot property prices and avoid a bubble developing.

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