Wuxinews_English_Home
home» Chinese»

CITY GUIDES»

Wuxi is located in the central area of the Yangtze River Delta. It covers an area of 4,788 square km and has a total population of 5.84 million.

It exercises jurisdiction over the county-level cities of Jiangyin and Yixing.as well as seven districts of Chongan, Nanchang, Beitang, Xishan, Huishan, Binhu and Xinqu.

Taihu Hotel
Standard:★★★★★
Add:Meiyuan, Yugang
Road, Wuxi

Hubin Hotel
Standard:★★★★★
Add:No.1, Huanhu
Road, Wuxi

Wuxi is the birthplace of Wu Culture, national industry and commerce, and township enterprises in China. It is an Outstanding Tourist City of China, a National Sanitary City, a National Garden City, a National Model City for Science and Education, and one of the Top 10 Most Competitive Cities in China. It is a city with characters.
 
 
 

 


 

China's leading property developers saw slower growth in September, third-quarter results showed on Wednesday.

In a statement filed with the Shenzhen Stock Exchange, China Vanke Co -- China's top real estate developer by market value -- reported monthly sales of 12.04 billion yuan ($1.90 billion) in September, down 3.76 percent year-on-year. It sold 1.05 million square meters of housing space, a 2.78 percent decrease.

In the first nine months, Vanke's revenue dropped 0.8 percent, compared with double-digit growth in the previous year. The September figures mark the end of the company's consecutive sales increase since May.

The country's second-largest developer, Poly Real Estate Group, posted 7.76 billion yuan of sales in September, down 8.5 percent month-on-month.

The Shanghai-listed Poly sold 6.69 million square meters of housing space by the end of the third quarter, up 34.03 percent compared with last year. Sales soared 32.04 percent to hit 75.6 billion yuan.

But the growth rate is still 6 percentage points lower than last year, and was a far cry from its peak in 2009 when the figure hit 165.2 percent.

Another industry heavyweight, China Merchants Property Development Co Ltd, saw revenue slide by 16.85 percent during the first nine months, and gross floor area sales declined by 18.76 percent.

Analysts believe that some property developers, especially those with good cash flow, are now expected to put more emphasis on increasing land parcels in the fourth quarter instead of boosting home sales.



Editor:will

News-tips, comments or feedback for our website?
Please send an e-mail to wuxinews@yahoo.cn or call 86 510 8021 6252
.
 
 

 


Copyright©www.wuxinews.com. All rights reserved. Reproduction in whole or in part without permission is prohibited.