BEIJING -- Prices of both new and existing homes continued to rise in most Chinese cities in July. Official data released by the National Bureau of Statistics shows prices for new homes rose in 62 out of 70 major Chinese cities.
However, that was one less city than the 63 cities that reported higher prices in June. 57 cities reported month-on-month price gains in existing homes in July compared to 55 in the previous month. But the figure was lower than the 64 cities that saw price rises in May.
