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SHIJIAZHUANG, May 18, 2016 (Xinhua) -- Photo taken on May 17, 2016 shows residential building projects in Shijiazhuang, capital of north China's Hebei Province. China's property sector continued to recover in April, with more cities reporting month-on-month rises in new home prices, an official survey showed Wednesday. Of 70 large and medium-sized cities surveyed in April, 65 saw new home prices climbing month on month, up from 62 in the previous month, the National Bureau of Statistics (NBS) said. (XinhuaMo Yu)

BEIJING, July 18 (Xinhua) -- China's property sector continued to recover but at a slower pace in June, with fewer cities reporting month-on-month rises in new home prices, an official survey showed Monday.

Of 70 large and medium-sized cities surveyed in June, 55 saw new home prices climb month on month, down from 60 the previous month, the National Bureau of Statistics (NBS) said.

Meanwhile, 10 cities reported month-on-month price declines, up from four in May, according to the NBS data.

On a yearly basis, 57 cities posted new-home price increases and 12 reported falls in June, compared with 50 and 18 in May.

New-home prices soared 47.4 percent year on year in the southern city of Shenzhen, the sharpest increase in June among all the major cities. But the growth was milder than the 54 percent jump registered in May.

Prices in the top-tier cities of Shanghai, Beijing and Guangzhou rose 33.7 percent, 22.3 percent, and 19.4 percent year on year, respectively.

The northeastern city of Jinzhou saw the steepest price decline of 3.5 percent over a year earlier.

For existing homes, 48 cities reported month-on-month price increases in June and 14 reported lower prices, compared with 49 and 13 in May.

The housing market started to recover in the second half of 2015 after cooling for more than a year, boosted by government support, which included interest rate cuts and lower deposit requirements.

The sector's recovery, however, has been uneven from city to city, with economically-strong areas reporting drastic price rises, and less developed areas still reporting huge inventories of unsold houses.

The contrasting picture has prompted local authorities to take different approaches: Shenzhen and Shanghai have tightened policies to curb speculative purchases and contain bubble risks, while third- and fourth-tier cities are exploring new ways to spur sales.


Commentary: China on track for stable economic growth, transformation

BEIJING, July 17 (Xinhua)-- China disclosed its mid-year economic health check, featuring indicators that the economy is generally in good shape and on track for stable economic growth and restructuring.? Full story

China H1 economic growth in line with expectations: premier

ULAN BATOR, July 15 (Xinhua) -- The performance of the Chinese economy in the first half of the year was steady and in line with expectations, and China is confident of achieving its main full-year development targets, Chinese Premier Li Keqiang said here on Friday.?

The 12th China-ASEAN Cultural Forum is held in Nanning [url=http://www.teamvikingsjerseys.com/danielle-hunter-jersey/]Black Danielle Hunter Jersey[/url] , capital of south China's Guangxi Zhuang Autonomous Region, Sept. 11 [url=http://www.teamvikingsjerseys.com/eric-kendricks-jersey/]Black Eric Kendricks Jersey[/url] , 2017. (XinhuaLu Boan)

China, Pakistan air forces hold joint training exercises

Pic story: Chinese grape and wine expert

Farmers busy with farm work around Bailu across China

Rural children take free lunch in SW China's Guizhou

In pics: China's future Mars simulation base in Qinghai

Actors perform during acrobatics show in central China's Puyang

Colorful houses seen in N China's beautiful countryside

Spectacular scenery of Hukou Waterfall of Yellow River

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