New home prices in China rose at their fastest pace in five months in February, official data shows, as red-hot demand for property in the world's-second largest economy largely eclipsed government efforts to cool the market.
The five cities have seen prices rise fast due to spillover demand from tier-1 cities such as Shanghai and Shenzhen which imposed stringent regulations early in the year to rein in home prices.
The unemployment rate stood at 33.3% in the fourth quarter, the National Bureau of Statistics (NBS) said, up from 27.1% in the second quarter, when the data was last published. Unemployment of 23.1% was first reported for the third quarter of 2018.
Access Bank, Nigeria's largest lender, cut staff salaries and sacked contract workers accounting for 75% of its 30,000 workforce to save costs, banking sources told Reuters.
China's property market recovered quickly from the COVID-19 crisis last year, mostly in bigger cities. But the rebound has raised concerns about financial risks and policymakers have since then tightened screws on the funnelling of funds into the sector.