Market Access Report: Real Estate

May 02, 2003 | BY

clpstaff &clp articles

By Mitch Dudek, Toshi Miyamoto and Angela Jin, Jones Day, ShanghaiIn 2002, China's first year of WTO membership, investment in real estate rose by 21.9%…

By Mitch Dudek, Toshi Miyamoto and Angela Jin, Jones Day, Shanghai

In 2002, China's first year of WTO membership, investment in real estate rose by 21.9% to Rmb773.6 billion (US$93.2 billion), among which investment in commercial residential housing accounted for 68.1%, up 23.1% from the prior year. Foreign investment in real estate during the first nine months of 2002 accounted for 10.46% of all foreign investment in China during the same period. The question on everyone's mind is whether foreign companies will find greater opportunities in post-WTO China through direct investments in this vibrant industry.

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