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China home prices stabilizing after curb policies

Updated: 12 19 , 2016 13:41
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BEIJING, Dec. 19 -- China's red-hot property market in major cities has continued to stabilize after authorities stepped in with a spate of measures to contain prices, an official survey showed Monday.

Of 70 large and medium-sized cities surveyed, 55 saw new home prices climb month on month in November, down from 62 in October, according to data released by the National Bureau of Statistics.

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