China’s property sales surged 60% by value in the first seven months, stoking concern that record lending will fuel asset bubbles in the world’s fastest-growing major economy.

Sales accelerated after a 53% gain in the first half from a year earlier, the statistics bureau said in a statement on its Web site today. Real estate investment rose 11.6%, up from 9.9% in the six months to June 30.

bloomberg.com