China's property investment falls 10.4% y/y in Jan-Nov
Tweet
Share
E-mail
FILE PHOTO: A worker stands on the scaffolding at a construction site against a backdrop of residential buildings in Huaian, Jiangsu province, China October 18, 2018. Picture taken October 18, 2018. REUTERS/Stringer/File Photo
BEIJING (Reuters) - Property investment in China fell 10.4% in the first eleven months of 2024 from a year earlier, after dropping 10.3% in January-October, National Bureau of Statistics (NBS) data showed on Monday.
Property sales by floor area in January-November fell 14.3% from a year earlier, versus a 15.8% drop in January-October.
New construction starts measured by floor area declined 23.0% on year, after a 22.6% drop in the first 10 months.
Funds raised by China's property developers were down 18.0% from a year earlier after a 19.2% fall in January-October.
(Reporting by Yukun Zhang, Liangping Gao and Kevin Yao; Editing by Stephen Coates)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Brazil's Embraer gets firm order for eight additional E190-E2 jets from Japan's ANA
- Ukraine's Zelenskiy says investigation underway after clash between two security agencies
- Lula's lead over Flavio Bolsonaro narrows ahead of Brazil election, Datafolha poll shows
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
