Blog

China January-August property investment growth slows to 3.5 percent year-on-year

Growth in China’s real estate investment slowed to 3.5 percent in the first eight months of this year from the same period a year ago, though the area of property sold rose 7.2 percent, official data showed on Sunday. Real estate investment, which directly affects about 40 other business sectors in China, is considered to be a crucial growth driver. While home sales and prices have improved in bigger Chinese