New home prices in Beijing rose 9.7 percent last month on year, slowing from a 9.9 percent increase in January, according to a survey posted on the National Development and Reform Commission's Website. The southern city of Shenzhen gained 9.9 percent last month compared to 2005. The city's new home prices jumped 10.2 percent in January on year.

(For more biz stories, please visit Industry Updates)