BEIJING: China’s economy slowed further in November, dragged down by a worsening property market slump and disruptions from repeated Covid-19 outbreaks.
Growth in fixed-asset investment eased to 5.2% in the first 11 months of the year. Property investment grew 6% in the same period, slowing from 7.2% during the January-October period, as financing rules remained strict and home sales plunged.
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!