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China property investment slows further

Revenue from property sales drops 8.9% in January-September period while new construction falls 9.3%

HELP FOR BUYERS: China in late September cut mortgage rates and downpayment levels for some homebuyers for the first time since the 2008/09 global crisis.


GROWTH in China real estate investment slowed in the first nine months of 2014, while property sales and new construction tumbled, helping to drag broader economic growth to a near six-year low.

Real estate investment, which affects more than 40 other sectors from cement to