Housing prices go on rising

The cost of the average home in China rose by 5.7 percent year-on-year in November, continuing an escalation that pundits think could carry into next year, despite new policies from the State Council aimed at reining in speculative deals.

The rise last month was 1.8 percentage points higher than the jump in October, according to a statement from the National Statistics Bureau.

It was the ninth consecutive month that house prices rose in the survey of real estate across 70 major Chinese cities.