“China’s home prices rose in 67 of 70 cities monitored by the government in April from last year, led by smaller cities that are defying efforts to control property prices nationwide.
Housing prices increased at a faster pace in smaller cities and slowed in major ones, data posted on the statistics bureau’s website today showed. New home prices in Urumqi, capital of far western Xinjiang province, posted the biggest gain, up 9.3 percent last month from a year earlier, while prices in northern Mu Danjiang climbed 8.7 percent. In the capital Beijing, prices rose 2.8 percent in April, compared with 4.9 percent in March, while those in Shanghai slowed to a 1.3 percent gain.”
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