China's home prices remain stable in November

BEIJING -- Home prices in major Chinese cities largely remained stable in November as local governments toughened up control of the housing market, official data showed Saturday.

On a month-on-month basis, new house prices in China's four first-tier cities - Beijing, Shanghai, Shenzhen and Guangzhou - gained 0.3 percent last month, the National Bureau of Statistics said in a statement.

Meanwhile, resold house prices in the four cities edged down at a faster pace, from 0.2 percent in October to 0.4 percent in November.