Home prices increased in almost every major Chinese cities in May despite the latest round of fresh property market curbs imposed by the government in March, a report from the National Bureau of Statistics (NBS) showed Tuesday.
Compared to a year earlier, house prices increased in 69 of the 70 cities tracked by NBS in May. The only city which reported a decline was Wenzhou with a 3.6 percent drop in prices year-on-year.
Beijing prices surged 11.8 percent year-on-year in May and prices in Shanghai climbed 10.2 percent. The biggest gain was reported in Guangzhou where prices rose 15.3 percent from May 2012.
On a month-on-month basis, prices increased in 65 cities, declined in three and was flat in two, data showed.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.