Curb rising house prices

For many young Chinese, the dream of owning an apartment has become ever more distant as the country's house prices continued to rise in June.

The relentless rise of house prices - 69 out of the 70 major cities saw prices go up again in June - also brings increasing risks that they will destabilize the national economy if policymakers fail to take effective countermeasures.

The average growth in June was 0.8 percent month-on-month and 6.8 percent year-on-year. The prices of new apartments in major cities, such as Beijing and Shanghai, rose even more strongly. In Beijing, the year-on-year growth was 12.9 percent, higher than the 11.8 percent registered in May, while in Shanghai, it was 11.9 percent, up from 10.2 percent the previous month.