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China's Property Investment Slows, Sales Dip in H1 2019

Infra News - Published on Thu, 18 Jul 2019

Image Source: irishtimes.com
Reuters reported that growth in China's real estate investment hit 10.9% in the first six months of the year on an annual basis, easing from 11.2% in January-May. It marked the slowest pace seen since 2018, when it grew 9.5% YoY in the January-December period. Real estate investment, which is mainly focused on the residential sector but also includes commercial and office space, is a major driver of growth in the world's second-largest economy and has so far been one of the few bright spots amid a broader slowdown.

The National Bureau of Statistics said in a statement that property sales by floor area fell 1.8% in annual terms in January-June, deepening from a 1.6% decline for the January-May period.

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Posted By : Mohan Sharma on Thu, 18 Jul 2019
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