BEIJING: China's real estate investment growth slowed in the first quarter, dragging down the broad economic recovery, though property sales remained strong, pushing up home prices and prompting policymakers to tighten property policies.
Real estate investment, which was worth 11%of GDP in first quarter of 2013 and directly impacts around 40 other business sectors, rose 20.2% in the first three months of 2013 from a year earlier, the National Bureau of Statistics said yesterday.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
