Property has been one of the pillars of China's boom. Not only does real estate account for about a quarter of all investment, but there have been huge spillovers into the rest of the economy. Hundreds of millions of Chinese bought their first home over the past decade, sparking spending on televisions, washing machines and air conditioners.
房地產一直是中國經濟繁榮的支柱之一。房地產投資不僅佔到所有投資的四分之一左右，而且一直對其它經濟部門產生了巨大的溢位效應。過去的10年，數億中國人購買了自己的第一套住房，這帶動了電視、洗衣機和空調的消費。
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