Home prices rise slower in China

Updated: 2013-05-18 10:50

(Xinhua)

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BEIJING -- New home prices rose at a slower pace in Chinese cities in April as the government's recent tightening measures started to take effect, data from the National Bureau of Statistics (NBS) showed on Saturday.

Of a statistical pool of 70 major Chinese cities, 67 cities saw home prices increase in April from a month earlier, with the highest growth rate at 2.1 percent, down from the 3.2 percent in March.

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