China's home prices slightly up in February

BEIJING -- Home prices in 100 Chinese cities saw a slight increase last month, an industrial report showed.

Among the 100 surveyed cities, average new home prices edged up 0.2 percent from January to 15,884 yuan (about $2,460) per square meter in February, according to the China Index Academy, a property research institution.

Year on year, average new home prices increased 4.01 percent.

A total of 66 cities saw a month-on-month increase in home prices in February, while 27 cities saw home prices decrease.

China vowed to tackle prominent housing problems in large cities at the tone-setting Central Economic Work Conference held in December last year, listing the development of rental housing as one of its key economic tasks for 2021.