It’s virtually impossible for major Chinese cities to meet their housing price control target set for 2013, experts say.
The prices of newly built housing in the four first-tier cities, namely Beijing, Shanghai, Shenzhen and Guangzhou, kept a 20 percent growth rate from September to November, according to statistics published by National Bureau of Statistics.
The statistics also show that the new housing prices in 26 other major cities have been growing at over 10 percent in the same period.
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