China home prices: Property curbs are having intended effects - BBG

Bloomberg offers insights into the latest Chinese data release, which showed that home prices in China increased last month in the fewest cities in a year.

Key Points:

Signaling property curbs to deflate a potential housing bubble are taking effect

Chinese authorities have expanded curbs on home purchases

And tightened restrictions on property lending

In an attempt to avoid a housing bubble and reduce financial risks

Some bank branches in Beijing, Guangzhou and Chongqing have raised mortgage rates for first-time buyers, people familiar with the matter said earlier this month

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