So Far, Total Government Investment in Real Estate Hit 80 Billion Yuan in China

The Chinese real estate industry has been experiencing wonderful growth over the last years due to the relatively steady good economy. China is expected to increase 5.5 to 6 billion square meters of housing floor space, or 70 million sets of houses in the coming ten years. The Chinese government has taken real estates industry as a new drive for its economic growth, and has taken various measures to support the industry. So far, total investment in real estate hit 80 billion yuan in China, accounting for 25 percent of the social fixed asset investment.

From DUBLIN, Ireland--(BUSINESS WIRE)--Research and Markets