New-home prices rose in 49 out of 70 Chinese cities in July, the largest number since May last...

|By:, SA News Editor
New-home prices rose in 49 out of 70 Chinese cities in July, the largest number since May last year and well above the 25 cities in June. The increases follow two rate cuts and the introduction of incentives for first-time buyers, complicating the government's attempts to boost the slowing economy while curbing property speculation.