China property price growth slows in Dec.

China’s property prices slowed for an eighth month in December after the government expanded measures to limit the risk of asset bubbles in the world’s fastest-growing major economy.

Property prices in 70 cities rose 6.4 percent in December from a year earlier, China Information News, the statistics bureau’s newspaper, reported Monday. That’s slower than the 7.7 percent increase in November, and the 7 percent median estimate in a Bloomberg News survey of six economists.

Prices in December gained 0.3 percent from November, according to China Information News. 

(Bloomberg)