China Analysis TOWN'S TALKING

Every magazine that respects itself and every serious newspaper publish articles about real estate these days.In fact, there are publications focused only on real estate. Among the countries that attract the interest of many people is China, especially real estate in Shanghai.

Generally, the real estate industry is China's most important engine for domestic spending. Industry insiders and analysts have said the rise in property prices had slowed (with only a few exceptions), but things have changed. China's average housing price in 70 major cities grew 6.4 percent from a year earlier in May, the fastest in 18 months, according to the National Development and Reform Commission.It is because of this that many developers focus on the smaller Chinese cities as consumers there grow richer.