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Shanghai NDRC: 1st, 2nd-Hand Home Deal Area Up 16% YoY in Jan
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Year to date, Shanghai's overall economy has maintained a rebound and uptrend, as The Paper learnt from the Shanghai's National Development and Reform Commission (NDRC).

Tax revenues are growing positively from a high base. In January, the city's local general public budget revenue amounted to RMB135.34 billion, up 0.2% YoY, among which the tax revenue amounted to RMB120.17 billion, up 4.2%, with 88.8% of the revenue accounted for by tax.

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As for the housing market, the city's first-hand housing transactions covered an area of 499,000 sq.m. in January, marking a YoY increase of 16%; while second-hand housing transactions covered an area of 1.403 million sq.m., a YoY rise of 16%, with 16,000 units transacted in the same month, which remained above 15,000 units for four straight months.
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