A larger fall of property investment and a slowdown of consumption continued to haunt China’s economic activities in April, despite Beijing having stepped up actions to boost consumer goods sales, upgrade equipment and solve the widely watched property slowdown.
Property investment, currently proving to be a major drag on the economy, dropped by 9.8 per cent year on year in the first four months of the year, compared to a fall of 9.5 per cent in the first quarter.
