China's Home Prices Rebound in June

BEIJING, July 18 (Xinhua) -- More major cities in China saw home prices rise in June from May as the country's property sector showed signs of warming over government stimulus for the slowing economy, official data showed Wednesday.

In June, 25 cities, drastically up from six in May, out of a statistical pool of 70 major cities recorded higher new home prices than a month earlier, the National Bureau of Statistics (NBS) said in a statement.

Compared to May, 21 cities saw drops in new home prices last month, down from 43 in May, while prices in 24 cities remained the same, according to the NBS data.