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China's new home prices grow at fastest rate in two years

New apartment prices in 100 major cities have risen 1.7% since April and are up 10.34% year on year

A woman walking past a billboard advertising a new housing complex in Beijing. The country has a huge inventory of unsold new homes.


NEW home prices in China grew at their fastest pace in more than two years in May, a private survey showed, signalling the recovery of a crucial sector in the world's second-largest economy.

After fuelling much of China's spectacular growth in recent decades the property...