Statistics
China State Construction sales up 71.5% in first two months
(Xinhua)
Updated: 2010-03-10 15:54
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BEIJING - China State Construction Engineering Corp (CSCEC), the largest contractor in China, said Wednesday that house sales revenue totaled 6.5 billion yuan ($953 million) in January and February, up 71.5 percent from the first two months last year.
In a statement to the Shanghai Stock Exchange, the company said it sold 610,000 square meters of floor space, a 35.9 percent rise.
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The company did not explain the sales surge in the statement.
Shares of the CSCEC declined 0.92 percent to 4.29 yuan per share by midday.
