House prices rebound

Twenty-five major Chinese cities saw a rebound in the price of new real estate projects in June, according to a report by the National Bureau of Statistics on Wednesday.

But of the 70 cities monitored by the bureau for real estate trends, 21 saw month-on-month price decreases of new homes in June and another 24 saw little change.

At the same time, 31 cities reported higher prices for established homes in June than in May.