Chinese property prices increased in 35 of the country’s 70 main cities during October, indicating a small rebound in demand.
Analysts said two interest rate cuts, relaxing lending restrictions and easier access to local government housing funds were behind the gain.
The real estate industry is one of the country’s main economic engines.
However, China wants to avoid sudden price rises, which could shut many ordinary buyers out of the market.
These concerns were eased by the statistical office’s latest figures, which show that property prices were lower in 56 cities in October, compared to the same month last year.
via BBC 
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.