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Big China cities could see renewed spike in home prices as housing glut eases

Prices in major Chinese cities are still sharply higher from the same period a year earlier, with those in Shanghai (above) up nearly 28%.


THERE could be a further jump in home prices in China's biggest cities since inventories of unsold homes fell sharply in July, state news agency Xinhua reported on Tuesday, citing an industry report.

An acceleration in price rises would reverse a cooling trend seen in