A rampant property boom that has spread since late 2015 from China
BEIJING: China’s real estate investment growth slowed in July, as official curbs continued to cool an overheated property market, reinforcing expectations of further slowing in second-half 2018.
New construction starts measured by floor area, a telling indicator of developers’ confidence, contracted for the first time since last September, falling 7% in July from a year ago, compared to a 14% increase in June.
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