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By Jamil Anderlini in Beijing
Published: May 31 2011 18:08 | Last updated: May 31 2011 18:50
It was not until the Chinese government decided to privatise much of the country's urban residential housing stock in 1998 that most people in China had even considered the possibility of owning their own home.
While official figures show 89 per cent home ownership in the cities "“ a figure disputed by many "“ analysts say Chinese real estate constitutes the single most important sector for the health of the entire global economy today.
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