Economy
Real estate trade volume hits 6 trillion yuan
By Zhao Chunzhe (chinadaily.com.cn)
Updated: 2009-12-30 16:06
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China's real estate trade hit a record high in 2009 grossing six trillion yuan ($870 billion), accounting for 20 percent of the national gross domestic product (GDP), China Securities Journal reported today.
The total investment in the real estate industry comes to 3.6 trillion this year, making up 19 percent of the national fixed-asset investment. The industry makes up 30 percent of the incremental fixed-asset investments.
