15.06.2011 - China sees rapid growth in property investment
China's annual real estate investment growth sped up to 34.6 per cent in the first five months, from a rise of 34.3 per cent in the first four months, the National Bureau of Statistics said. That means property investment quickened in May, probably driven by accelerating construction of affordable housing. Analysts said Beijing's increasing efforts to build more cheap housing for its poor population would help hold up real estate investment throughout 2011, although some developers slowed their pace of expansion amid slack sales..............................................Full Article: Source
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