BEIJING - China’s property investment accelerated in the first two months of the year driven by strong demand in its hinterland and defying a decline in sales, government curbs in bigger markets and a broader economic slowdown.
That marks the strongest growth for the January-February period since 2014, when it rose 19.3 percent. “The market has obviously become better this month,” said a senior executive from a top Chinese developer, who declined to be named because he is not authorized to speak to media. New construction starts measured by floor area were also much weaker, rising 6 percent in January-February from a year earlier compared with the 20.5 percent in December, according to Reuters calculations.
Really? People have been limited to perchuse the newly house in shanghai! There is a decrease in property market
Whatever happened to the brand new ghost city?
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Reuters - 🏆 2. / 97 Read more »
Source: AP - 🏆 728. / 51 Read more »