China's September home prices grew at slowest pace in four years amid property curbs, discounts

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New home prices in China grew at their slowest pace in more than four years amid tightening property curbs in some big cities aimed to cool the property market.

New home prices in China also grew at a slightly slower monthly pace in September, official data showed on Tuesday, while fewer cities reported monthly price gains for new homes.

Of the major 70 major Chinese cities, 55 reported monthly increases for new home prices in September, down from 59 in August, according to data released by the National Bureau of Statistics (NBS).

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