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China Home-Price Growth Widens to More Cities Amid Rate Cuts

By Tony Seruga

Home prices in August rose in half of the 70 cities monitored
Recovering sales unlikely to revive investments in near term

China’s home prices rose in August in half of the 70 cities monitored by the government, spurred by easing of home-purchase restrictions and interest-rate cuts, even as the economy slowed and share markets plunged.

New-home prices rose in 35 cities, compared with 31 in July, the National Bureau of Statistics said Friday. Prices dropped in 25 cities, fewer than the 29 in July, and were unchanged in 10…

China Home-Price Growth Widens to More Cities Amid Rate Cuts

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