China January-February property investment up 31.1%

BEIJING: Chinese property investment rose 31.1% in the first two months of this year, accelerating from a 16.1% rise in the whole of 2009, the National Bureau of Statistics (NBS) said on March 10.

Beijing has pledged to redouble efforts to build more affordable housing in 2010, partly to brake fast-rising home prices in some cities.

Property prices in 70 major cities rose 10.7% in the year to February, up from a rise of 9.5% in the 12 months to January, the NBS said. -- Reuters
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