Stimulus policies rev up markets
By Shen Jingting | China Daily | Updated: 2010-01-22 07:48
The booming automobile and property markets last year helped drive home Beijing's economic recovery, experts said recently, with both industries hitting record highs for sales.
The number of vehicles sold in 2009 was 1.15 million, up more than 30 percent compared to the previous year. And this rate had accelerated too, with 2008 having crept forward at only 10 percent.
Supply finally matched demand in 2009 as output was grew by 65.8 percent from 2008, with the number of cars produced totaling 1.27 million.
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