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China's property sales increased sharply by 75.5% in 2009 to 4.4 trillion yuan, the National Bureau of Statistics reported Tuesday. The report showed that property investment during 2009 climbed 16.1%. However, the investment growth slowed from the 17.8% increase seen in the first 11 months of the year.
A report released by the statistical office on January 14 showed an acceleration in Chinese property price inflation. Property prices grew 7.8% in December compared to November's 5.7% rise.
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