China's red-hot property market shows no signs of slowing | Chappaqua Real Estate

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Property prices continued to rise last month in China, defying policymakers who have sought to cool the housing market while preserving robust economic growth.

Housing prices rose in 68 of 70 Chinese cities in April when compared to the previous month, according to the National Bureau of Statistics. Compared to last year, prices were higher in all but two of the 70 cities tracked by the government.  
Prices in the capital, Beijing, registered one of the largest increases, rising 10.3% over the previous year. In the southern manufacturing hub of Shenzhen, prices jumped 11.3%.
On average, new home prices across the cities increased 4.3% over the previous year.


China's red-hot property market shows no signs of slowing

http://money.cnn.com/2013/05/20/news/economy

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