CHINA
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From Times Staff and Wire Reports
Beijing Office Rents Rise: The large number of foreign companies looking to set up shop there helped push official rents up 27% in the first half of the year, the official China Securities newspaper reported. Office space now costs an average of $580. More than 7,000 new foreign companies have registered in Beijing since last year, the paper said, and authorities have approved 1,268 new foreign-funded enterprises.
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