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China’s home prices continue to rise in May, but cooling signs emerge amid tightening curbs

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New home prices in China continued to rise in May but some cooling signs began to emerge after the authorities warned over risks of warming property market and several local governments tightened property curbs to prevent overheating risks.

Of the 70 major cities surveyed by the authority, 67 cities reported higher new home prices in May compared to the previous month, the same as April, according to data released by the National Bureau of Statistics on Tuesday.

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