This Day, That Year
China Daily | Updated: 2017-05-25 07:03
Item from May 25, 1991, in China Daily: Property hunters look for homes at the 10th Housing Exchange Fair at the Working People's Cultural Palace in Beijing. Most were searching for homes closer to where they work.
Following the privatization of urban housing in the 1990s, realtors have played an important role in China's rapid economic growth.
Last year, the housing sector accounted for 6.5 percent of the country's GDP, according to the National Development and Reform Commission.
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