China’s real estate sector set several new records in 2009. Nearly 940 million sq m of properties sold, and the average price hit 4,695 yuan ($687) per sq m, China’s National Bureau of Statistics (NBS) revealed Tuesday.
Official data show that the overall real estate sales volume hit 937.13 million sq m, up 42.1 percent from [...]
China’s retail sales in 2009 rose 15.5 percent year-on-year to 12.53 trillion yuan, the National Bureau of Statistics (NBS) said Thursday.
Real (inflation-adjusted) retail sales growth was recorded at 16.9 percent in the year.
The real rise was 2.1 percentage points higher than that of a year earlier.
The December growth rate was 17.5 percent compared with the [...]
China’s industrial profit in 22 provinces and regions across the country declined 3.4 percent year on year in the first 10 months, but the rate of decline was slowing, figures show.
A statement posted on the website of the National Bureau of Statistics (NBS) Monday said industrial profits reached 1.79 trillion yuan (261.6 billion U.S. dollars), [...]
Shou Zhenwei, a 28-year-old state-owned company employee in Beijing, paid 1.4 million yuan (205,000 U.S. dollars) for a two-bedroom apartment this month, realizing a long-cherished dream.
The price was 400,000 yuan higher than Shou’s budget at the beginning of the year, but he and his fiancee, Sun Hua felt they should buy quickly before prices went [...]
A land planning official of China Tuesday denied reports that claimed the country was going to release rural land into market to ease land shortage and curb the steep hike in housing prices.
“There is a misinterpretation by some media, which has translated a pilot program of a province into the central government’s decision to release [...]
Liu Meigui slipped out of the China Coat 2009 exhibition in Shanghai to get a breath of fresh air away from the overheated, overcrowded hall.
“I did not expect such a crowd here,” Liu said. “The coating industry must have recovered, judging from the number of people here looking for business opportunities.”
Indeed, China’s coating industry began [...]
