Average new home prices in China's 70 major cities in May rose 6 percent from a year earlier, according to Reuters calculations based on official data published on Tuesday, marking the fifth straight month of year-on-year increase. In month-on-month terms, prices rose 0.9 percent in May, easing from April's gain of 1 percent, it said. China's home prices have been on an upswing since around the middle of last year, and the rise has reignited concerns about property inflation. Beijing launched a fresh round of measures in March to try to cool prices but at a time when other engines of the economy are showing signs of ... (full story)