The rapid growth of real estate sales in China is worried about the possibility of creating a "bubble"

Real estate sales in China increased in January-July 2009 by 60% compared to the same period of 2008. The rapid growth in real estate sales and lending volumes causes investors in concerns regarding the creation
The "soap bubble" in the economy, Bloomberg reported.

As Interfax reports, in the first half of this year, 53% more was realized
Real estate in value terms than in January-June last year.
Real estate investment growth has accelerated to 11.6% from 9.9%, according to data
statistical management of China.

Housing prices in the 70 largest cities in China increased in July by 1%
Compared to the same month of 2008, which became the fastest growth
Over the past 9 months, and 0.9% compared to June.

The Prime Minister of the State Council of China Wen Jebao confirmed on Sunday that
China's credit policy will remain unchanged, despite
The fact that economists expected toughening regulation due to growth
asset value.

Increased real estate sales is only one of the indicators of the general
restoration of the Chinese economy, analysts note. Growth rate
Chinese GDP rose in the second quarter, the Shanghai stock index
Composite took off this year by 80%. Loan volumes have increased in
The first half of the year to a record 1.1 trillion dollars.