BIZCHINA / Biz Media Digest
Construction: Measures fail to slow investment rise
(Shanghai Daily)
Updated: 2006-10-27 14:09
Investment growth in China's real estate industry accelerated in the
first nine months of the year, according to the nation's top planning
agency, indicating that central government cooling measures have yet to
take effect.
Property investment rose 24.3 percent, or 2.1 percentage points faster
than a year earlier, in the nine months to September 30, the National
Development and Reform Commission said in a statement published on its
Website on Tuesday. Growth picked up from 24 percent through August,
Bloomberg News said.
The government's measures including restricting land supply and lending
and imposing new taxes have failed to cool investment and property prices
that more than doubled since 2000. Property prices in China's 70 major
cities rose 5.5 percent in the third quarter from a year earlier,
according to a survey published in the statement. Shanghai is the only
city where property prices have fallen, the survey showed.
(For more biz stories, please visit Industry Updates)
Alibaba is the largest B2B marketplace in the world. Source model ship,
wooden puzzle, one-piece toilet, RC hovercraft, photo album, prom dress,
pocket bike, Vaginal Speculum, Samurai Sword, String Panty and PVC Pipe.
Learn mandarin
No comments:
Post a Comment