China's annual real estate sales breaks record high $1.48t, surpassing the GDP of S Korea, Australia and Russia
people.cn | Updated: 2016-12-15 11:25
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A woman talks with a salesman at a property market fair in Hangzhou, Zhejiang province.[Photo/China Daily] |
The sales have surged 37.5 percent year-on-year, with a 24.3 percent growth of housing selling area. China's annual property sales in this industry have surpassed the GDP of South Korea, Australia, and Russia, which has a GDP of $1.38 trillion, $1.34 trillion and 1.33 trillion respectively in the year of 2015.
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