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China’s real estate investments accelerate in Jan-Feb

by ChemOrbis Editorial Team -
  • 16/03/2016 (16:21)
According to data from China’s National Bureau of Statistics (NBS), property investments in the country posted an accelerated yearly growth rate in the first two months of 2016, indicating the first improvement after over two years of deceleration. Property investment grew 3% in the January-February period from a year earlier, exceeding the 1% gain posted for the full year of 2015.

China’s Minister of Housing and Urban-Rural Development Chen Zhenggao cited stable economic growth, rapid urbanization and rising demand as the main reasons behind accelerated growth in the country’s property market. He commented that China’s property market will maintain steady development going forward.

NBS data also revealed that new housing starts rose 13.7% on the year in the January-February period. Inventory floor area, meanwhile, was reported 9.7% higher compared with the same period of last year.
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