China's property investment falls 11.2% y/y in January-June
Tweet
Share
E-mail
Workers walk past a construction site of residential buildings by property developer Country Garden in Kunming, Yunnan province, China September 17, 2019. REUTERS/Wong Campion/File Photo
BEIJING (Reuters) -Property investment in China declined 11.2% in the first half of the year from the same period last year, after slumping 10.7% in January-May, official data showed on Tuesday.
Property sales by floor area fell 3.5% year-on-year, compared with a 2.9% drop in the first five months of the year.
New construction starts measured by floor area dropped 20%, after contracting 22.8% in the January-to-May period.
Funds raised by China's property developers in the first half of the year were down 6.2%, versus a 5.3% drop in the first five months.
(Reporting by Liangping Gao, Yukun Zhang and Ryan Woo; Editing by Christian Schmollinger)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- US declares end of largest recorded cyclosporiasis outbreak
- German union demands Volkswagen commitment to 2024 labour agreement
- US consumer inflation picks up in August
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!
