Pursuits
China Home Sales Soar in April, Defying Government Tightening
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China’s home sales continued to grow in April, signaling that tightening measures designed to stem a home-price surge in some large cities have yet to slow the market’s upward momentum.
New-home sales gained 63.5 percent to 793.7 billion yuan ($122 billion) last month from a year earlier, according to Bloomberg calculations based on data the National Bureau of Statistics released Saturday. The increase followed a 71 percent surge in the previous month.