From The Wall Street Journal:
China’s year-to-year property price rises slowed for a third straight month in September, according to official data.
Property prices in 70 large and midsize Chinese cities rose 5.3% in September, 0.2 percentage point slower than August’s rise, the National Development and Reform Commission said in a statement on its Web site.
Month-to-month, property prices in the 70 cities in September rose 0.4%, the same pace as in August, according to the NDRC data.
Shenzhen had the fastest pace of price rises among the 70 cities, with property prices increasing 11.9% in September from a year earlier, slowing from a 12.9% rise in August. Beijing followed with an increase of 9.5%, compared with a 9.9% rise in August, the data showed.[Full Text]
