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China home prices continue to stabilize

Xinhua, January 18, 2017 Adjust font size:

China's red-hot property market in major cities has continued to stabilize after authorities took a series of measures to contain prices, according to an official survey Wednesday.

Of 70 large and medium-sized cities surveyed, 46 saw prices for new residential housing climb month on month in December, down from 55 in November and 62 in October, according to the National Bureau of Statistics (NBS). Endi