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China's month-on-month home price growth remains robust in May

Reuters  |  BEIJING 

By Yawen Chen and Ryan WooBEIJING (Reuters) - Home prices levelled off in China's biggest cities in May but continued to climb nationwide, indicating demand remains resilient despite a series of government measures to keep the market from overheating.Firm price gains highlight the challenge Chinese authorities face in calming a frothy market without disrupting the economy, in which real estate is a major driver of growth. Economists say the pace of price growth across different market tiers clearly shows a passing of the baton from the centre to the regions. They also fret over still-rising ...

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First Published: Mon, June 19 2017. 11:05 IST