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China's Q1 property investment growth at lowest since 2009

It slows to 8.5% as developers focused on clearing excess inventory

The Chinese government's easing monetary policies will be of limited help to property investment, says Nomura.

Hong Kong

GROWTH in China's real estate investment in the first quarter slowed to the lowest rate since 2009 as developers focused on clearing excess inventory, while a series of government support measures braked the rate of decline in property sales.

While home sales are expected

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