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CRIC Daily Summary

Daily, Shanghai
Daily news and Commentary on the Chinese Real Estate sector
 

Central Bank report: 90% of Chinese families own houses

May 15, 2012
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- Nearly 90% of Chinese families own their houses or flats, a figure much higher than the world level, which stands at about 60%, according to a report issued by Southwestern University of Finance and Economics and the People's Bank of China on Sunday.

Sina