国际英语资讯:Former French PM Fillon makes surprise lead in conservatives first round primary_时事

国际英语资讯:Former French PM Fillon makes surprise lead in conservatives first round primary

BEIJING, Nov. 20 -- China's red-hot property market has shown more signs of cooling down following a series of targeted measures, as the country's economy grows on steady footing.

MILDER PRICE GAINS

Home prices in large and medium-sized cities still registered an uptick in October, but the growth pace was slower than September, evidence of nascent effects of recent tightening moves, experts said.

Breakdown figures showed that new home prices in first-tier cities such as Beijing as well as large second-tier cities across China edged up 0.5 percent and 1.3 percent in October month on month, with growth rates 2.8 percentage points and 1 percentage point lower than September, respectively, the National Bureau of Statistics (NBS) said earlier this week.

国际英语资讯:Former French PM Fillon makes surprise lead in conservatives first round primary1

Second-hand residential property sales reinforced the trend, as prices of existing homes in first- and second-tier cities rose 0.6 percent and 0.8 percent over the same period, with the growth rates 2.9 percentage points and 1.1 percentage points lower than September respectively.

NBS senior statistician Liu Jianwei attributed the milder price gain to policies rolled out by different local governments to contain spiking prices.

The data were released on the heels of a slew of measures to rein in speculative housing purchases, check the risk of asset bubbles and stabilize the market, with dozens of Chinese cities modifying market rules including higher deposits and more restrictions.