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China July Home Prices Rise As Nation Seeks Long-Term Policy

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http://www.bloomberg.com/news/2013-08-18/china-s-july-home-prices-rise-as-nation-seeks-long-term-measures.html

China’s new home prices rose the most since January 2011 in the nation’s four major cities, led by a 17 percent jump in Guangzhou and Shenzhen, on speculation the government will refrain from imposing tighter curbs.

Beijing and Shanghai prices both increased 14 percent in July as 69 of 70 cities tracked by the government climbed from a year earlier, according to a statement by the National Bureau of Statistics yesterday. For the third month in a row, the eastern city of Wenzhou was the only one to post a decline.

Great to see China property prices increasing, the question is have they copied the house price perpetual growth model correctly from the UK? I do hope there is a version of the Express in China ramping such joyous news.

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