Renewable energy
(China Daily)
Updated: 2006-10-30 10:33
Real estate
Investment growth in China's real estate industry accelerated
in the first nine months of the year, according to the nation's top planning
agency, indicating that central governments cooling measures have yet to take
effect.
Property investment rose 24.3 per cent, or 2.1 percentage points
faster than a year earlier, in the nine months to September 30, the National
Development and Reform Commission said last week.
The government's
measures including restricting land supply and lending, and imposing new taxes
have failed to cool investment and property prices that more that doubled since
2000.
Property prices in China's 70 major cities rose 5.5 per cent in
the third quarter from a year earlier.
(For more biz stories, please visit Industry Updates)
|
