| From Cibmagazine.com.cn: The last year has been challenging for China’s real estate market. The real estate investment which accounts for 11.7% *of China’s GDP. This year the market continues to send mixed signals with office rentals continuing to fall in many cities.
At the same time residential sales (transacted area) have seen growth of 88.9 %* over January to April 2009 (compare to the same period last year) in almost all of China’s first tier cities and strong domestic demand appears sustaining the retail sector.........Full Article: Source
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