Tag Archives: Nanxin Village

The Chinese Academy of Social Sciences (CASS) released their “Economic Blue Paper,” the Blue Paper shows that this year the figure for income and all towns and cities across the nation is 8.76, which is 0.46 higher than last year. This is the equivalent of normal families saving for 8.76 years without eating or drinking, and buying a house. The Blue Paper also made predictions about the trend of real estate prices next year, if regulation relaxes, then prices will rebound, and prices might increase a further 20-25%, maybe even more.

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