Property sales by floor area declined 1.8% year-on-year in the first quarter of the year, versus a 3.6% fall seen in the first two months, according to data from the National Bureau of Statistics .
New construction starts measured by floor area fell 19.2% in January-March from a year earlier, after a 9.4% drop in the first two months. Funds raised by China's property developers slumped 9.0% year-on-year in the first three months, after a 15.2% slump in January-February. China's property sector, once a key driver of the world's second-largest economy, has been hit by a regulatory crackdown on developers' high debt levels, which led to stalled housing projects and homebuyers boycotting mortgage repayments.
Chinese real estate, if not incredibly manipulated by the state, is a house of cards. Does economic theory not apply to them?
That air quality looks like crap .. typical China
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
China's economy is off to a solid start, rising 4.5% in Q1 2023 | CNN BusinessChina's economy grew 4.5% in the first quarter of 2023 as the nation emerged from three years of strict pandemic restrictions. I hope Biden reads this 😏 i feel more and more tired of those kind of infomation Who cares about China!!
Consulte Mais informação »