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China's property ladder

A laborer eats dinner in his shelter at the construction site of a residential complex in Hefei, Anhui province, on August 1, 2012.

The average home price in China's 100 major cities edged up in July for the second straight month, Reuters reports, reinforcing signs of a recovery in the property market even as the government seeks to spur broader economic growth, a private sector survey showed on Wednesday.