BEIJING, June 8 -- Citigroup Property Investors, a property arm of Citigroup Inc., said Tuesday it planned to increase its investment in China more than tenfold over the next three years.

    "The company has invested about US$50 million in China property since 2004, and the investment will be more than ten times that by 2009," managing director Stephen Coyle said. The Chinese mainland and Hong Kong and Taiwan already account for between 15 and 20 percent of the company's global investment, and this could rise to as much as 25 percent within three years, he added.

    (Source: Shenzhen Daily)