News Review: Average New Home Prices In China Declined In December, But Rose For 2011
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In this episode of China Money Podcast, Nina Xiang reviews the news on:
- China's economy is projected to grow at 8.4 percent this year by the World Bank
- China and the United Arab Emirates signed a currency swap deal to expand the usage of the RMB
- Average new home prices declined in December for the third consecutive month, but prices rose for the whole year in 2011
- China approved 14 institutions as Qualified Foreign Institutional Investors, expanding the scope of the QFII program
