China property investment jumps 22.8% in first 2 months

03/10/2013 | (China)

China's property market ballooned over January and February, with investment climbing 22.8% to US$106.2 billion, a rate that was up 6.6 percentage points from the average for last year. The surge has worried Beijing, which took steps March 1 to rein in the market.

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