China’s property prices slowed for an eighth month in December after the government expanded measures to limit the risk of asset bubbles in the world’s fastest-growing major economy.
Property prices in 70 cities rose 6.4 percent in December from a year earlier, China Information News, the statistics bureau’s newspaper, reported Monday. That’s slower than the 7.7 percent increase in November, and the 7 percent median estimate in a Bloomberg News survey of six economists.
Prices in December gained 0.3 percent from November, according to China Information News.
