As china's economy roars into another year, analysts are keeping a wary eye on the coun- try's land and housing prices. Beijing's National Bureau of Statistics reported a 7.7 percent rise in those prices over the past year, and many experts believe that the actual increase was far more steep than that. Property investment and construction both shot up by roughly one third during 2010 despite government efforts to restrict mortgage lending and cool the market. At the same time, home prices remain unaffordable for most Chinese. The combination has prompted a tense bubble watch.
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