China Property Investment and Prices Rise, Defying Curbs

From Bloomberg: “Chinese property investment growth accelerated, resisting efforts by the central government to rein in what it considers an overheated industry. prices also rose.

Investment in homes, offices and other commercial real estate increased 29.2 percent in the first 11 months of the year, the National Bureau of Statistics reported. That’s up from 29 percent in the first 10 months.

Property prices gained 12.5 percent, following 12 percent growth in the January-October period. The gain was close to the eight-year high of 12.9 percent between January and July.”

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