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Across China: Jilin

Updated: 2009-05-18 08:04

(China Daily)

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Property development

China's largest publicly traded residential property developer Vanke Co Ltd signed a strategic agreement with the Changchun's government to inject 3 billion yuan into property development and urban construction in the capital of Jilin Province.

In April, Vanke recorded sales revenue of 5.27 billion yuan, a year-on-year increase of 22 percent. Real estate insiders say Vanke may now focus on expansion in second and third-tier cities.

(China Daily 05/18/2009 page5)

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