China’s internet boom is driving a housing boom

The internet boom in China is spurring a housing market boom in the country, as the country prepares to build the world’s largest internet network.

The internet boom has been credited with bringing about record-breaking house prices, and it’s expected to help push China into the top tier of global online markets in the next few years, according to a survey of more than 4,000 people by a think tank.

The Chinese internet is an important source of income for the country’s middle class, who rely on the internet to buy groceries and other essentials.

The report, released Monday, found that more than half of households with a household income of less than $50,000, or about 1.5 million households, rely on online services for the bulk of their income.

The rest depend on the traditional economy, like buying groceries or buying clothing, the report found.

While the internet boom helped drive the average house price to more than $1 million, it also pushed down the median household income to $42,000 from $62,000 in 2016.

The survey found that the internet also played a big role in boosting Chinese middle-class income, with some 60 percent of middle-income households owning a tablet or mobile phone.

The increase in internet access is also being credited with a boost in incomes for middle-aged people in the countryside.

But while the boom is causing record-setting house prices in China, there’s also been a steep drop in the number of people living in housing.

In 2016, about a quarter of Chinese households had no internet access at all.

The number dropped to just 19 percent in 2017, according the survey.

China’s internet penetration grew by 6 percent in 2016, according China Daily, the state-run newspaper, while average household incomes in the rest of the country rose by just 2.9 percent in that same year.

The rapid rise in internet penetration and economic growth are helping to drive the country into the world leader in internet connectivity, which the country hopes to build by 2022.

A recent report from the United Nations Institute for Statistics and Programme Evaluation found that internet access for most people in China reached a record high of 97.4 percent in 2018, and is expected to reach 100 percent by 2022, according, The Guardian.

In the future, China will aim to have 80 percent of households have internet access by 2022 at the latest, the IESP report noted.

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