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China property market grew in 2012

Posted on 21 January 2013

China’s property market improved slightly in 2012 on the back of a pickup in housing sales in the second half of the year and expectations of rising home prices. But industry observers said a number of factors are still holding back this important driver of China’s economic growth.
Average property prices in 70 major Chinese cities rose 0.31% in December from November, the fastest pace in nearly two years, according to official data released Friday. The reading suggests sentiment is recovering after almost three years of government controls aimed at restraining speculation………………………………………..Full Article: Source


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