Chinese Real Estate Market Heats up in 2001

Home>>Business

Last updated at: (Beijing Time) Tuesday, March 05, 2002

Chinese Real Estate Market Heats up in 2001

Relevant data issued by the National Bureau of Statistics on Monday show that the 2001 Chinese real estate market grew more rapidly than in 2000.

DISCUSSION

CHINESE

SEND TO FRIEND

Relevant data issued by the National Bureau of Statistics on Monday show that the 2001 Chinese real estate market grew more rapidly than in 2000.

In February 2001 the national housing climate index fell to its lowest point, and in April 2001 reached its highest point. From May to July last year, the index fluctuated slightly above the previous May to July and returned to normal in August.

In December the index rose 0.17 points higher than in November to 105.27 points, or 1.21 points higher than the previous year.

The Chinese government continued the reforms of the real estate market to boost it last year. The national housing climate index maintained normal growth in 2001 but sales of commercial housing tended to slow down.

Questions?Comments? Click here

Chinese Real Estate Sector Soars in 2001