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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (3510)	9/27/2004 2:27:23 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

This is good news! so when Real estate bubble in China bursts, the risk will be spreaded out around the world<g>---"Foreign real estate business booms in China" BEIJING - China's investment in real estate development has slowed down month by month this year owing to the government's macro-economics control measures. But that's good news for foreign investors: From January to July, Sino-foreign joint ventures, wholly foreign-owned enterprises and Sino-foreign cooperative ventures reported growth of 87.4%, 60.3% and 60.%, respectively - much higher than the national average. But the sector saw a big inflow of foreign funds in the period. Foreign businesses have taken the opportunity to step up their penetration into China's real estate sector. Real estate has become a new attraction for foreign investors this year. Actual investment in real estate development in the January-July period dropped 21.6 percentage points as compared with the 50.2% in the first two months of this year. The actual investment in residential housing reached 411.093 billion yuan (US$49.6 billion) in the first seven months, rising 28.1%t year on year, and accounting for 67.9% of the total investment in real estate development, 0.2 percentage points lower than in the same period of last year. But the situation was different with foreign investment in the sector. Chinese domestic enterprises completed 522.05 billion yuan of investment in real estate development from January to July, an increase of 28.2% over the same period last year, accounting for 86.2% of the total. Investment by enterprises from Hong Kong, Macao and Taiwan reached 52.185 billion yuan, up 20.8%, and 8.6% of the total. Investment by foreign enterprises topped 31.089 billion yuan, surging 54.2%, and 5.1% of the total. ... atimes.com