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NPC & CPPCC Annual Sessions > Biz & Economy > News
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China's property market sees growing salesBy Hu Yuanyuan (chinadaily.com.cn)
Updated: 2009-03-11 11:35 China's property market has shown signs of warming up this year, with real estate sales in 40 key cities climbing 6.9 percent year-on-year in the previous two months, Qi Ji, vice minister of Housing and Urban-Rural Development, said on Wednesday. "The property sales in many cities have realized a growth in January and February due to property developers' price-cutting strategy," Qi said. According to the National Development and Reform Commission, the property price in China's 70 major cities fell 1.2 percent in February, the third monthly drop in a row.
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