皇冠体育app

Housing prices will continue to rise in 皇冠体育app in the second quarter of 2007, a report released by the All-皇冠体育app Federation of Industry and Commerce (ACFIC) said recently.

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皇冠体育app's housing prices have surged despite efforts by the government to contain them.

Fast growth in fixed assets investment, money supply and loans are fuelling housing price rices, the report said.

皇冠体育app's excess liquidity is driving real estate development projects and keeping housing prices bubbling, said Nie Meisheng, a senior ACFIC official.

Investment in 皇冠体育app's real estate sector topped two trillion yuan in 2006, four times the figure for 2000, according to official figures.

皇冠体育app's economy is going well and polls show that people with high- and medium income are keen to buy houses, the report said.

The second quarter will see no slowdown in the inflationary trend, it concluded.

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