2) Land prices rose slightly in Q2

Data offered by China's Ministry of Land Resources show that land prices in China still keep rising in the second quarter.

Land prices across China rose slightly in the second quarter, despite tighter restrictions on real estate purchasing, credit and prices, data released by a Ministry of Land Resources subsidiary shows. Average land prices reached 3,000 yuan per square meter in the second quarter, up 8.85 percent from a year before and 1.87 percent higher than the first quarter, the China Land Surveying and Planning Institute said. Meanwhile, commercial, residential and industrial land prices hit 5,506 yuan, 4,443 yuan and 645 yuan per square meter respectively, up 2.77, 2.17 and 1.13 percent from the first quarter. The increases come despite a slew of tough policies meant to curb real estate speculation and dampen the country's overheated housing market.

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