Cities see a new spike in real estate bubble
By Chen Jia | China Daily | Updated: 2010-12-09 08:00
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Vice-Premier Li Keqiang (middle) talks on Tuesday with Xie Yaoan (right) and his wife about their housing conditions at Xie's home in Mudan residential community of Ningbo city, Zhejiang province. Li traveled to the city to inspect its social housing. Liu Weibing / Xinhua |
BEIJING - China's top think tank has said that the country's real estate bubble has soared in urban areas, with the biggest gap between market price and actual value in Fuzhou, capital of East China's Fujian province.
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