--FILE--A Chinese flag flutters in front of a residential apartment building under construction in Nanjing city, east Chinas Jiangsu province, 31 Octo

--FILE--A Chinese flag flutters in front of a residential apartment building under construction in Nanjing city, east Chinas Jiangsu province, 31 October 2010. Chinas property prices rose at the slowest pace in 10 months in October after the government raised interest rates and expanded measures to limit the risk of asset bubbles in the worlds fastest-growing major economy. Home prices in 70 cities climbed 8.6 percent from a year earlier, China Information News, the statistics bureaus newspaper, reported Wednesday (10 November 2010). That is slower than the 9.1 percent increase in September. China has tightened measures on home buyers this year, suspending mortgages for third-home purchases and pledging to speed up trials of property taxes nationwide. It also raised interest rates in October for the first time in three years on concerns about inflation and relentless growth in asset prices. Property prices in October rose 0.2 percent from September, according to data. Sales volume dropped 11.2 percent from the previous month, while the value fell 7.7 percent from September. Chinas property investment rose 37 percent to 455.8 billion yuan in October from last year, and increased 37 percent to 3.81 trillion yuan in the first 10 months.