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Real estate wealth shrinks in China

07-25-2011 18:22 BJT

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Some Chinese families who invest their money in the nation's real estate industry, have seen their wealth shrink by more than 80 percent so far this year, due to the government's persistent property tightening policies. That's according to a private survey by a Shanghai-based business magazine, covering nearly 600 individuals.

The survey found that family wealth in the real estate market fell to around 446 billion yuan, or around 70 billion US dollars. That's compared to last year's 2.24 trillion yuan.

The survey also found that investment from wealthy families in the sector is decreasing.

Editor:Li Wanran |Source: CNTV.CN

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