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China's National Bureau of Statistics (NBS) said on Monday that average new home prices in 70 major cities climbed at an annual rate of 7.7% in December, after a 6.5% gain in November.
The main contributor was Shenzhen, where home prices jumped by 46.8% year-on-year in December.
On a monthly base, house prices increased in 39 of 70 cities, prices slid in 27 cities, while prices remained unchanged in 4 cities.
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