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China home prices still on steady growth as buyers shrug off govt curbs
Average new home prices in China's 70 major cities rose 0.3% in November from the previous month
Published Mon, Dec 18, 2017 · 09:50 PM
Beijing
NEW home prices in China extended another month of steady growth in November, after picking up slightly in October, shrugging off a range of government measures to rein in an overheated property market as price gains in smaller cities widened.
China's housing market has been in a boom lasting more than two years, giving the economy a major boost but stirring fears of a property bubble, with the government taking stern measures to curtail speculative buying.
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