Monday, February 25, 2013

Chinese new-house prices continue to rise.

Chinese new-home prices climbed in 53 out of 70 cities in January on a monthly basis, increasing expectations that the government will continue the tightening policies that have caused Chinese stocks to fall sharply this week. Prices in Shenzen led the way with an increase of 2.2%, while those in Beijing and Shanghai rose as well.

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