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China property investment growth eases in Q2 as cooling measures kick in
Rules targeting speculators in biggest cities appear to be paying off but market unlikely to suffer hard landing, say analysts
Add BT as a preferred sourcePublished Mon, Jul 17, 2017 · 09:50 PM
Beijing
CHINA'S real estate investment growth slowed slightly in the second quarter from the first, suggesting government curbs to rein in the red-hot property market are starting to hit speculators even though underlying demand remains resilient.
As part of a broader effort to temper financial risks stemming from a build-up of debt since the 2009 financial crisis, Chinese authorities have slapped a flurry of cooling measures over the past year to defuse a housing bubble. Those steps targeted at speculators in the biggest cities appear to be paying dividends.
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