More Chinese cities report rising home prices in March

BEIJING -- Commercial home prices in March rose in more Chinese cities from a month ago as transactions became more vibrant in the real estate market, data from the National Bureau of Statistics showed on Wednesday.

Home prices in first-tier cities, namely Beijing, Shanghai, Guangzhou and Shenzhen, increased last month compared to February, while second and third-tier cities in general registered narrowed price declines, according to the official data.