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China's home prices up for 4th straight month
Published Fri, Sep 18, 2015 · 09:50 PM
Hong Kong
HOME prices in China rose for a fourth consecutive month in August, offering hope that the ailing property sector is becoming less of a drag on the slowing economy.
But analysts do not expect a full-blown turnaround any time soon, as a huge overhang of unsold homes discourages new construction and investment in all but the biggest cities.
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