China posts slowest property investment growth in six years

Hong Kong

CHINA'S real estate investment growth continued on its downward track in the first five months of 2015, to reach its slowest rate since May 2009, but government stimulus policies appeared to all but end the decline in floor area sold.

Property investment growth slowed to 5.1 per cent in January to May from a year earlier, the National Bureau of Statistics (NBS) reported on Thursday, easing from 6 per cent in the first four months.