China’s house prices rose at the fastest pace this year in May from a year earlier, though the pace of gains eased from the previous month, highlighting the dilemma facing the central bank as it balances the need to support the economy against holding down housing inflation.
Average new home prices in 70 major Chinese cities in May rose 6 percent from a year earlier, after a two-year high of 4.9 percent in April, according to Reuters calculations from data released by the National Bureau of Statistics (NBS) on Tuesday.
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