Free Newsletters - Space News - Defense Alert - Environment Report - Energy Monitor
. Energy News .




TRADE WARS
China says more cities record home price rises
by Staff Writers
Shanghai (AFP) Dec 18, 2012


The cost of new homes increased in more Chinese cities in November than in the previous month, official figures showed Tuesday, despite efforts from the government to keep the market in check.

Prices in 53 out of 70 cities tracked by the government rose month-on-month, the National Bureau of Statistics said in a statement, up from 35 cities in October and 31 cities in September.

Prices of new homes dropped in 10 cities and stayed unchanged in the remaining seven cities, the bureau said.

China has been taking steps to keep house prices under control for more than two years. Measures included prohibitions on buying second homes, raising minimum down-payments and imposing property taxes in certain areas.

The government pledged to continue its control measures next year after a two-day central economic work conference over the weekend, but notably did not repeat its reference to "bringing home prices down to a reasonable level".

"This may indicate that China is unlikely to issue any new policies aimed at controlling home prices in the next few months, which may cause a rise in home prices," Wendy Chen, a Shanghai-based economist at Nomura Securities, told AFP.

She added that a government plan to push urbanisation, outlined at the economic meeting, may also boost demand for new homes and drive up prices.

The urbanisation plan is part of efforts to expand domestic consumption and achieve more balanced growth after having relied on exports for most of the past three decades.

The country's once red-hot economy that saw annual growth rates exceeding 10 percent has slowed markedly this year. The government expects gross domestic product to expand 7.5 percent in 2012, down from 9.3 percent in 2011.

.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





TRADE WARS
Walker's World: A mega trade pact?
Washington (UPI) Dec 17, 2012
As if to show that they can from time to time lift their eyes from own troubled navels, the European Union and the United States have revived the venerable scheme of a free trade pact between the two giants of the global economy. It is a consummation devoutly to be wished. With a $17 trillion European economy and a $15 trillion U.S. economy, these two relatively like-minded assemblies a ... read more


TRADE WARS
EU puts 1.2 bn euros into pilot renewable energy projects

Bolivia's eco-friendly trans-oceanic ships

Renewables Provide 46 percent All New US Electrical Generating Capacity in 2012

OpenADR Continues to Move the Smart Grid Forward

TRADE WARS
Australia unveils carbon capture plant

Oil prices gain on US budget hopes, as coal set to dominate

Nanofibers clean sulfur from fuel

How to get fossil fuels from ice cream and soap

TRADE WARS
US confirms duties on 1towers from China, Vietnam

Ground broken on Irish Midlands wind farm

GE, MetLife and Union Bank Invest in Kansas Wind Farm

Wind speeds in southern New England declining inland, remaining steady on coast

TRADE WARS
Solar panel companies in federal probe

Asian Supermarket Distribution Center Completes Solar Installation

KYOCERA Solar Panels Power Innovative Solar-to-EV Project with Smart City San Diego at San Diego Zoo

Solar Energy Solidarity to donate over 60kW to PV projects

TRADE WARS
Japanese party victory a boost for nuclear

Japan to host nuclear safety conference in Fukushima

British regulators OK nuke reactor design

EU funds frozen for Lithuanian nuclear decommissioning

TRADE WARS
NC State Study Offers Insight Into Converting Wood to Bio-Oil

Can Algae-Derived Oils Support Large-Scale, Low-Cost Biofuels Production?

Plastic packaging industry is moving towards completely bio-based products

Gases from Grasses

TRADE WARS
Mr Xi in Space

China plans manned space launch in 2013: state media

China to launch manned spacecraft

Tiangong 1 Parked And Waiting As Shenzhou 10 Mission Prep Continues

TRADE WARS
Major climate change report draft leaked online: IPCC

Climate modelers see possible warmer, wetter Northeast winters by 2070

Conservatives can be persuaded to care more about the environment

Drought in the Horn of Africa delays migrating birds




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement