Cities Report Slump in Residential Housing Sales
(Beijing) -- Sales of residential housing in Beijing and Shanghai dropped sharply in the past two months due to both the central and local government's latest measures to cool the property market.
According to the municipal statistics bureau on March 15, residential housing sales in Beijing for the January to February period declined 21.1 percent from the same period last year to 1.32 million square meters. At the same time, residential housing transactions in Shanghai fell 31.3 percent year-on-year to 1.9 million square meters.
- Lanzhou Shames CNPC Unit for Pollution Crises
- Tour Bus Crash
- Surprise Exercise
- Two-Thirds of Provinces Say They Missed GDP Growth Targets in 2014
- Gov't Digs Into Soil Pollution Problem with Proposal for New Standards
- Little Denmark Has Big Currency Question
- Views: Social Media Update
- Why Controversy Plays Starring Role in China's TV, Film Censorship
- The Week in Photos: January 17 – 23
- Hangzhou Flash Mob
- Sign up to receive our free daily newsletter
- Samsung Loses Connection with Chinese Consumers in 2014
- Scandal-Hit GlaxoSmithKline 'to Lay Off 1,000 Employees in China'
- Mao's Winding Road to Socialism
- China Boots Up an Internet Banking Industry
- Caught in Rising China's Centrifuge
- Gov't Had Reservations about Selling Stake in Citic Ltd. to Foreigners
- Downfall of Party Internet Policeman 'Helped Lead to National Cleanup Campaign'
- Embattled Founder Securities 'Cannot Reach Its Chairman'
- Provincial, Regional Gov'ts Prepare for a More Frugal Future
- Banks Trying Direct Route to Online Future