China 2016 home prices moderated: Prices of new homes in China grew last year at the fastest rate since 2011, but moderated enough in December to calm fears of a speculative bubble bursting with disastrous economic consequences. Average new home prices in 70 major cities rose 12.4% in December from a year earlier, compared to November’s record 12.6% rise, data from the National Bureau of Statistics show. — Reuters
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