Railroad investment
(China Daily)
Updated: 2006-08-21 09:51
Real estate rise
Average property prices in China's 70 major cities
climbed 5.7 per cent in July from a year earlier, just below the 5.8 per cent
recorded in June, according to official figures.
Prices for newly
constructed housing increased by 6.7 per cent last month from a year earlier,
0.1 of a percentage point higher than the previous month, according to a survey
released by the National Development and Reform Commission and the National
Bureau of Statistics.
Economic housing and high-end property prices
registered a year-on-year increase of 4.7 per cent and 8.9 per cent last
month.
Residential house prices in Shenzhen, a city in South China
bordering Hong Kong, jumped 13.6 per cent year-on-year, the highest rise of the
cities surveyed.
FDI's downward trend
Foreign direct investment
(FDI) in China continued to fall last month, but experts stressed that this does
not mean foreign investors are losing confidence in the nation.
FDI in
China stood at US$4.28 billion in July, down 5.49 per cent year-on-year, says
the Ministry of Commerce, which approved 3,022 foreign-invested enterprises last
month.
Citigroup economist Huang Yiping says the slight drop does not
mean China is any less attractive to overseas investors, but it may indicate an
overall slowdown in foreign investment.
FDI in the country totalled
US$32.7 billion in the past seven months, down 1.16 per cent
year-on-year.
(For more biz stories, please visit Industry Updates)
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