In March alone, 17,210 new homes were registered across the country, marking an upswing of nearly one third compared with the same month last year.
Prices are on the upswing but they are still cheap compared with the Atlantic shore, said Ms. Millul, who recently sold a five-bedroom, newly renovated home on the bay for $250,000.
"We definitely see an upswing in sales orders in the second half of this year when compared to the first half," said Gu Fung, the sales manager at the Wuxi Baolai Batteries Company.
More positively, in spite of the instability introduced to the green energy sector by government policy, in line with the global upswing, electricity generated from renewables went up by about one fifth in 2012 compared to the previous year.
Jed Kolko, chief economist at Trulia, a real-estate site, wrote in a recent blog post that despite the recent upswing in mortgage rates, the cost of owning a home is still low when compared to the main alternative: renting.
Investors swarmed to coal stocks, but even after the sharp upswing, the combined market capitalization of the three biggest public companies is just under $5 billion, compared with $300 billion for Exxon Mobil.
The March sales figures, compared with results one year ago for stores open at least a year, surprised even industry analysts, who credited renovations and marketing changes, along with more colorful fashions, for the upswing.
Now compare it to how the mega-rich made out during the Bush upswing years of 2002 to 2007.
The upswing continues this week.
