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China house price rise steepest for 14 months
Published on: 2009-11-11
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China’s house prices jumped the most in 14 months in October, adding to concern that record lending may create asset bubbles in the world’s fastest-growing major economy.

Prices in 70 major cities rose 3.9% from a year earlier, the statistics bureau said on its Web site today.

China’s central bank and banking regulator may 'soon' issue measures to limit the use of debt in real-estate purchases to rein in price gains, a Shanghai official said yesterday. Asian economies from Hong Kong to Singapore are fighting rising property values, which threaten to mimic the US mortgage bubble that roiled the world economy.

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