This Day, That Year

Item from March 2, 1995, in China Daily: More than 1,400 families have received the keys to new apartments in Fengtai district, Beijing, in the capital's efforts to ease the severe housing shortage among middle - and low-income families. ...

The housing market remains red hot in China's big cities.

Last month, median home prices in Beijing topped 57,000 yuan ($8,300) per square meter, followed by Shanghai at 52,000 yuan per sq m.