China’s housing market continues to pick up

Beijing, Sep 18 (IANS) China’s housing market continued to pick up in August, with new home prices in an increasing number of surveyed cities registering month-on-month rises.

Of 70 large and medium-sized cities surveyed in August, new home prices climbed month-on-month in 35, up from the 31 in the previous month, while 26 reporting month-on-month price declines, down from July’s 29, according to data released on Friday by the National Bureau of Statistics, Xinhua news agency reported.

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