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Chinese authorities may tighten housing policies to keep
prices at "healthier levels" in H2 if some cities continue to
experience price surges, the Economic Information Daily reported. Citing
Yan Yaojin, research director at CRIC, the Daily's report says that the average home price
in 100 cities rose 10.9% year on year in H1, with some markets
showing larger gains. Hangzhou, Nanjing and Chengdu, three second-tiered cities,
led the gains with Chengdu's average jumping as much as 21% y/y, the newspaper said.
Housing investments were favored due to lower returns on wealth products and