China's October property investment, sales growth at three-month low

  • 📰 Reuters
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 97%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

China's property investment and sales growth both eased to a three-month lo...

BEIJING - China’s property investment and sales growth both eased to a three-month low in October, suggesting a critical pillar of the economy is softening, but new construction surged in a sign developers are rushing to promote sales.

Property investment is a key growth driver for China. A robust housing market has helped counter a slowdown in the manufacturing sector as a 16-month trade war with the United States slashed profits and investments for factories. The downbeat readings aligned with worse-than-expected factory activity contraction and steepest producer inflation in over three years reported last month.

October's property transactions fell 8% on-year in 25 major tier-two and tier-three cities, data from private research firm CRIC showed.Developers may continue to face pressure on sales as costs for buyers increase amid steadily rising home prices. Some analysts say that reflects developers’ rush to launch more projects in a bid for quicker returns on sales.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

More empty buildings.

So many of the high rise office and living spaces in China's cities sits empty.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 2. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stocks in cautious ranges ahead of China data, trade talk hopes fadeAsian stocks clung to tight ranges on Thursday as investors awaited key Chinese ... markets arent fading, which means it was all abou the fed. Trade war was just an excuse to lower rates back to 2017 levels.
La source: Reuters - 🏆 2. / 97 Lire la suite »