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SHANGHAI, CHINA-The bubble is beginning to form again in China, where purchases of high-end office and retail buildings totaled about $7.4 billion in the first half of 2010, according to CB Richard Ellis Group Inc. here. Many believe the office market has hit bottom, given data such as rents for buildings in Beijing being up in the first quarter by 5.7%, says Danny Ma, a senior director at the company.

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