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More Chinese cities report home price gains in April

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The latest figures signal that the government is gaining traction in its efforts to clear a glut of unsold homes in smaller cities while encouraging curbs in top economic hubs.

Shanghai

HOME prices rose in the most Chinese cities in more than two years in April, with gains in second-tier cities surpassing advances in larger hubs.

New-home prices excluding government-subsidised housing climbed in 65 cities, compared with 62 in March, among the 70 cities