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- Crude oil output up 1.8 percent
Date: 26-Oct-2007 Sources: (Shenzhen Daily)
THE country's crude oil output for September rose 1.8 percent compared with the corresponding month of last year to 15.27 million tons, or 3.73 million barrels a day, data from the National Bureau of Statistics showed Thursday.
Crude oil output for the first nine months of this year was up 1.4 percent year on year at 139.93 million tons, the data showed. Crude oil runs in the country's refineries for September increased 5.7 percent year on year to 26.95 million tons, or 6.58 million barrels a day. Output of kerosene, lubricant oil and fuel oil for September recorded double-digit growth of 16.8 percent, 20.4 percent and 15.2 percent respectively year on year, compared with single-digit growth of gasoline and diesel at 4.6 percent and 4.1 percent year on year.
Investments drive property price up
THE country's property price increases were partly driven by fast investment growth in the real estate sector, National Bureau of Statistics spokesman Li Xiaochao said Thursday.
Property prices in 70 cities climbed by an average of 6.7 percent from a year earlier in the January-September period, Li said. He said property prices in the 70 major cities rose 8.2 percent in the third quarter from a year earlier. He said property inflation was especially evident in larger cities, including Shenzhen and Beijing. 'The supply of housing is very tight and has an irrational structure. For example, the supply of small and medium-sized homes at a relatively low price is too small,'he said.
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