China property investment falls 9.8% in Jan-Feb y/y
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FILE PHOTO: An uncompleted building is seen next to the Fourth Ring Road in Beijing, China July 16, 2018. REUTERS/Jason Lee/File photo
BEIJING (Reuters) - Property investment in China fell 9.8% in the first two months of 2025 from the same period a year earlier, after tumbling 10.6% in 2024, official data showed on Monday.
Property sales by floor area dropped 5.1% from a year earlier, compared with a 12.9% decline last year.
New construction starts measured by floor area decreased 29.6%, following a 23.0% slide in 2024.
Funds raised by China's property developers declined 3.6%, after slumping 17.0% in 2024.
A protracted property slump has weighed heavily on the world's second-largest economy, which is now facing fresh pressure from U.S. trade tariffs.
(Reporting by Liangping Gao, Yukun Zhang and Kevin Yao; Editing by Kim Coghill)
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