Top 10 key economic words in 2016
chinadaily.com.cn | Updated: 2016-12-19 06:53
Real estate
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Homebuyers visit a real estate show in Beijing. [Photo/China Daily] |
China's real estate sales have reached 10 trillion yuan ($1.48 trillion) in the first 11 months of 2016, China's National Bureau of Statistics announced on Dec 13.
The sales have surged 37.5 percent year-on-year, with a 24.3 percent growth in floor area sales. China's annual property sales have surpassed the GDP of South Korea ($1.38 trillion), Australia ($1.34 trillion), and Russia (1.33 trillion), in 2015.
More than 20 major Chinese cities have introduced or resumed property market curbs since autumn as home prices have risen too sharply.
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