Strong growth in China’s housing markets

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Boosted by direct government intervention, housing sales and property prices in China rose in the first half of 2009, in a quick recovery from price falls of early 2008.

House prices in 70 major cities rose by 2% (3.2% in real terms) in August 2009 from a year earlier, the third month of house price increases, according to data from the National Bureau of Statistics of China (NBSC).

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