Prices declined in the remaining 54 cities, the most severe being Zhanjiang, in Guangdong province, which was down 6.5% from last year. Data from the National Bureau of Statistics show that new-home prices rose by 0.1% in October from October , reversing a 14 month decline. Despite sharp increases in 16 cities, including Shenzhen and Shanghai , 54 other cities experienced a decrease in prices, indicating that the wider trend of oversupply and underdemand remains. The Chinese government has been applying stimulus to the economy since the stock market troubles earlier this year , which reports have suggested could be causing a major bubble in the property markets of some of Shenzhen 's largest cities.
Data from the National Bureau of Statistics show that new-home prices rose by 0.1% in October from October , reversing a 14 month decline. Despite sharp increases in 16 cities, including Shenzhen and Shanghai , 54 other cities experienced a decrease in prices, indicating that the wider trend of oversupply and underdemand remains. The Chinese government has been applying stimulus to the economy since the stock market troubles earlier this year , which reports have suggested could be causing a major bubble in the property markets of some of Shenzhen 's largest cities.