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BIZCHINA> Top Biz News
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China's property investment up 4.1% in Q1
By Hu Yuanyuan (chinadaily.com.cn)
Updated: 2009-04-13 11:53
China's real estate investment totaled 488 billion yuan ($71.45 billion) in the first quarter of this year, an increase of 4.1 percent on a yearly basis, the National Bureau of Statistics (NBS) said on Monday.
The property price in China's 70 major cities also dropped 1.3 percent in March on a yearly basis. But the month-on-month figure is up 0.2 percent. And 29 cities saw a year-on-year increase in March in the sales price for new residential buildings, with Yinchuan in Ningxia Hui autonomous region heading the list. 41 cities, however, experienced a price fall, and Shenzhen saw the biggest drop of 12.2 percent. (For more biz stories, please visit Industries)
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