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China developers rise on Nanjing housing policy: Shanghai mover

Posted on 25 July 2012

China’s property stocks rose, with the gauge tracking developers on the Shanghai Composite Index advancing for the first time in five days, after a report that said the city of Nanjing offered incentives for some homebuyers.
The property measure increased 1.1 percent at the local close, the biggest gain among five industry groups on the benchmark index. China Vanke Co., the biggest listed developer on mainland exchanges, climbed 1.3 percent to 9.33 yuan in Shenzhen, the biggest gain in more than a week. Poly Real Estate Group Co., the second largest, added 2.1 percent to 11.44 yuan………………………………………..Full Article: Source


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