House prices in 70 Chinese cities increased an average of 10.6 per cent year on year in March, the quickest gain since April 2017 and the latest indication that the world’s second-largest economy is rebounding after a difficult start to the year.
The increase — a weighted average compiled by Reuters — came a day ahead of the release of the national bureau of statistics’ estimate for first-quarter gross domestic product growth.
In response to sluggish economic data over recent months, Beijing has introduced a series of stimulus measures.
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