Caixin
Oct 21, 2016 06:41 PM

Property Curbs Hit Home as Price Increases Slow in First Half of October

(Beijing) — The series of home-buying restrictions introduced since late September appears to be having an effect on the property market, as government data on Friday showed home-price increases in 13 major Chinese cities slowing, and some even showing declines.

The news comes as questions are being raised about whether China's economic slowdown will worsen if the property market, a major pillar of the economy, continues to show signs of cooling.

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