X Close


Wednesday August 10, 2011

China property investment up 33.6%

BEIJING: China's annual real estate investment growth quickened to 33.6% in the first seven months from a year earlier, and compared with an increase of 32.9% in the first half, the National Bureau of Statistics said yesterday.

Property sales rose 13.6% in the January-July period from a year earlier in terms of floor space and gained 26.1% in terms of value, the agency said in a statement on its website, www.stats.gov.cn.

The data came after the country announced last month that it would expand home purchase restrictions to smaller cities, where prices had risen faster than in major cities. - Reuters

For Another perspective from the China Daily, a partner of Asia News Network, click here

Latest business news from AP-Wire


  1. Lawyer suffocates in attempt to rescue puppies from metre-deep hole
  2. Firefly flight bound for Kota Baru forced to turn back
  3. When the world turns upside down
  4. Malacca treasure no longer a myth
  5. The Obama double in Malaysia
  6. TV series 'Indian Summers' to be shot in Penang
  7. Babysitter swings one-year-old - and kills her instead
  8. Couple die after taking poison
  9. Malaysian passport 9th best in the world
  10. Japanese oil tanker robbed, three crew believed kidnapped in dramatic dawn raid