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China’s home prices grew at slower pace in June after property curbs tightened

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China’s new home prices grew at a slower pace in June and fewer cities saw home price rise in the month, after the authorities tightened property restrictions to prevent the housing market from overheating.

Of the 70 major cities tracked by the National Bureau of Statistics (NBS), 63 cities saw average new home prices rise in June, fewer than 67 cities in May, said the NBS on Monday.

Average new home prices in the 70 cities rose 0.6 . . .

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