BIZCHINA / Weekly Roundup

Renewable energy (China Daily) Updated: 2006-10-30 10:33 Real estate Investment growth in China's real estate industry accelerated in the first nine months of the year, according to the nation's top planning agency, indicating that central governments cooling measures have yet to take effect. Property investment rose 24.3 per cent, or 2.1 percentage points faster than a year earlier, in the nine months to September 30, the National Development and Reform Commission said last week. The government's measures including restricting land supply and lending, and imposing new taxes have failed to cool investment and property prices that more that doubled since 2000. Property prices in China's 70 major cities rose 5.5 per cent in the third quarter from a year earlier.   1 2 3 4 5 (For more biz stories, please visit Industry Updates)

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