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House prices lift in Chinese cities

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By a staff reporter

House prices in almost all Chinese cities rose in March, fuelling speculation the new government will intervene in the sector.

Statistics out of the National Bureau of Statistics showed 68 out of 70 cities surveyed recorded an increase in the price of new homes.

In terms of existing homes, 59 cities recorded a price increase in the month, two were unchanged, while nine fell.

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National Bureau of Statistics data shows lift in new home prices in March.
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