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China news, Beijing, July. 29 – Housing price in China has always aroused heated discussions among property developers and ordinary Chinese. To many property developers and local government officials, housing price in China is still low compared with many developed countries. However, the average housing price in the United States is only 8,000 yuan per square meter, while in China, it is even higher than in the United States. This shows that there are some bubbles(泡沫) in Chinese real estate（房地产）market, the International Finance News reported.
