Investment in real estate development continued to increase in the Chinese mainland in the first 10 months of this year, with area of land bought for property development declining, the National Bureau of Statistics said on Friday.
Between January and October, 2.39 trillion yuan (350.7 million U.S. dollars) was pumped into real estate development projects, a [...]
While China’s successful story of weathering the 1997 Asian financial storm is still fresh in minds, the country is trying to repeat the feat once again, this time, on a much grand scale, a much faster fashion and against a much worse crisis.
The State Council, or the Cabinet, unveiled a 4 trillion yuan ($586 billion) [...]
China and other developing countries should be given more influence in the global financial system if they provide money to help resolve the world’s economic crisis, a senior official of the country’s $200 billion sovereign wealth fund said on Monday.
“Developed countries should come to talk to developing countries with humility,” Jin Liqun, supervisory board chairman [...]
China is likely to roll out more measures before long to stimulate demand for housing, but recovery in the all-important property market is unlikely for another year.
Nationwide urban real estate prices rose only 1.6 percent in the year to October, the weakest rise since Beijing started publishing the data in 2005, and economists expect prices [...]
The central government plans to invest 900 billion yuan ($131.71 billion) on low-income housing construction in the following three years, Qi Ji, vice-minister of the Ministry of Housing and Urban-Rural Development told Xinhua on Wednesday.
Faced with the global financial crisis and economic downturn, the State Council, the country’s cabinet, announced a 4-trillion-yuan investment package over [...]
Prices of homes in 70 major cities across China’s mainland grew at a slower pace last month but the market is expected to recover following the introduction of several stimulus measures, an analyst said yesterday.
The average prices of housing gained 1.6 percent last month on an annual basis, compared with a 3.5-percent growth in September [...]
