China’s home prices rose 0.1 per cent in August from July, to show a modest increase for a second consecutive month and signal a gentle recovery in the property market as the government seeks to spur economic growth.
Real estate, which directly impacts around 40 other business sectors in China, is a key driver in the world’s second largest economy, which is currently going through its worst slowdown in three years as growth in exports and factory output falls.
via Business feed http://www.scmp.com/business/economy/article/1039709/chinas-home-prices-notch-second-monthly-rise-august
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