More Chinese cities see home prices rise (3)

The People's Bank of China (PBOC) has earlier this year twice cut benchmark interest rates and banks' reserve requirement ratio, or the amount banks are asked to set side as reserves, to bolster the slowing economy.

The economy's growth eased to a seven-quarter low of 7.4 percent in the third quarter, weighed down by a lackluster external market and government efforts to cool inflation and the runaway property sector.

Real estate investment accounts for about 13 percent of China's gross domestic output and one-fifth of the country's fixed-asset investment.

Zhang defined the monthly price rebound as "mild", adding that both home buyers and real estate developers were looking to the country's once-in-a-decade leadership change in early November for new policy signs.

We recommend:
A Decade of Fastest Development	Eastern Boom Lightens Western Gloom	Chinese firms 'potential Trojan horses'? slows
AVIC unveils new aircraft engines	Oct. data released, inflation slows	13th Int'l Automobile Industry Exhibition
China Int'l Industry Fair opens in Shanghai	Caofeidian coal wharf put into use	Galaxy Soho building in Beijing