Real Estate in China , tourism are supported by Local Governement
China is the world’s second-largest economy and its real estate market is growing at a rapid pace. In fact, according to China National Real Estate Association, the country recorded $2.8 trillion in property transactions in 2016—an increase of 24% from 2015. This growth is being fueled by government initiatives and local government support. In this article, we will explore the role of local government in the Chinese real estate market and how it helps to support the industry. We will also look at some of the key policies that have driven this growth.
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