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China housing in flux as price recovery tapers off

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Faced with a massive pile of unsold homes in smaller cities, the government and central bank since late 2014 have unleashed a range of measures aimed at improving demand for homes to clear the overhang.

Shanghai

THE recovery in China's housing market that helped underpin the economy in the first half is showing signs of tapering off.

New-home prices excluding government-subsidised housing climbed in 60 cities in May, down from 65 in April, among the 70 tracked, the National Bureau