China's Real Estate Industry on Rise in SeptemberThe index of China's real estate sector climbed to 103.52 points in September, the highest since April 1999.Figures released today by the National Bureau of Statistics show that the index is 0.20 points higher than that in August and 2.60 points higher than that of the same period last year. During the January-September period, funds actually used in real estate development totaled 340.87 billion yuan (41.07 billion U.S. dollars), up 30.8 percent year on year. China completed the construction of 75.37 million square meters of commercial housing in the first three quarters of this year, up 22.3 percent from a year earlier. Statistics show that China invested 286.06 billion yuan (34.47 billion U.S. dollars) in the development of real estate in the nine-month period, up 25 percent on a yearly basis. |
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