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China’s property investment growth hits five-year high


Real estate investment, which mainly focuses on the residential sector but also includes commercial and office space, is a key driver of growth for the world’s second-largest economy.  It rose 11.6% in January-February from a year earlier, up from the 9.5% growth reported for the 2018 full year, data from National Bureau of Statistics (NBS) showed yesterday. (Workers are seen on scaffolding at a construction site in Nantong, Jiangsu province, China January 1, 2019)

Real estate investment, which mainly focuses on the residential sector but also includes commercial and office space, is a key driver of growth for the world’s second-largest economy. It rose 11.6% in January-February from a year earlier, up from the 9.5% growth reported for the 2018 full year, data from National Bureau of Statistics (NBS) showed yesterday. (Workers are seen on scaffolding at a construction site in Nantong, Jiangsu province, China January 1, 2019)

BEIJING: China’s property investment accelerated in the first two months of the year driven by strong demand in its hinterland and defying a decline in sales, government curbs in bigger markets and a broader economic slowdown.

Real estate investment, which mainly focuses on the residential sector but also includes commercial and office space, is a key driver of growth for the world’s second-largest economy.

Property , Construction , Corporate News

   

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