House prices still rising

Rising house prices have increased the pressure on the central government as it tries to stabilize economic growth.

The average price of a new house increased in 66 of the country's 70 major cities in February. Among first-tier cities, Beijing, Guangzhou and Shenzhen saw month-on-month growth exceed 2 percent.

China's house prices have been on the rise since last summer and the momentum has increased since November.