China's home price growth picks up in October

Beijing

CHINA'S new home prices rose at a slightly faster pace in October after gains had held steady the previous month, as prices remained resilient in the face of falling sales and a tighter liquidity environment.

China's housing market has seen a near two-year boom, giving the economy a major boost but stirring fears of a property bubble, with the government taking strong measures to curtail purchases.

The authorities have been particularly focused on curbing speculative lending in the housing market and have con…