Chinanews, Beijing, Feb. 9 – Housing price in China has always aroused heated di

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Chinanews, Beijing, Feb. 9 – 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 in Chinese real estate market, the International Finance News reported. Although the average price of residential houses in the United States, after converted to Renminbi, is about 8,000 yuan per square meter, the houses in US are not sold in terms of building area, as most Chinese property developers do when they sell their houses. If US property developers sell their houses according to the building area, then the housing price will be even lower than 8,000 yuan per square meter. In most big Chinese cities, such as Be