China's new home price growth slows as speculative curbs bite

Beijing

CHINA'S new home prices rose at the slowest clip in six months in July, as authorities further tightened rules in the red-hot property sector, including limits on some categories of purchases.

Average new home prices in China's 70 major cities rose 0.3 per cent in July from a month earlier, slowing from a 0.5 per cent gain in June, according to Reuters calculations based on data released by the National Bureau of Statistics (NBS).