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China’s property investments remain unchanged in April

by ChemOrbis Editorial Team -
  • 16/05/2016 (16:07)
According to Reuters calculations based on data from China’s National Bureau of Statistics (NBS), property investment in the country posted an increase of 9.7% in April, rising at the same rate as in March. Developers continued to launch new projects to meet increasing demand in April, which helped buoy the country’s slowing economy.

Over the past year, the property sector has been supported by government stimulus measures, although excess inventories of unsold homes still weigh on prices in smaller cities.

The floor space of new construction starts increased 21.4% on the year in the first four months compared with a 19.2% hike in the first quarter.

New home sales rose 63.5% on the year to reach 793.7 billion yuan ($167 billion) in April following a 71% hike a month earlier, according to Bloomberg calculations based on NBS data.
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