Investment Opportunities

Chinese Property Investment

China’s property investment growth may rebound to around 30 percent next year and support the nation’s economic recovery, central bank adviser Fan Gang said.

China’s property sales surged 60 percent by value in the first seven months and home prices in 70 major cities rose the most in 9 months in July from a year earlier as Premier Wen Jiabao’s $585 billion stimulus and an explosion of lending spur home construction and purchases. Still, the 11.6 percent expansion of property investment in the first seven months was one-third the pace in 2007, before a housing slump started.