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Authorities in Anhui's Bengbu city issued a similar statement, saying they will start repaying clients at a bank there from Aug 1.

Authorities in Anhui’s Bengbu city made a similar statement, saying it will start repaying clients at a bank there with deposits of 50,000-100,000 yuan.

BENGBU, China—A push by the Chinese government to ease local housing gluts and fill empty apartments is creating a different headache by driving indebted cities deeper into the red.

Prices for new homes in Bengbu surged 3.4 percent on-month in May, the highest among all 70 major cities, data from the Statistics Bureau showed.

Bengbu ranked second-highest in April and third-highest in June.