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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%

Beijing

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 furniture, rose 12.5 per cent in January-September from a year earlier, down from 13.2 per cent in the first eight months of the year, the National Bureau of Statistics said on Tuesday.

Revenue from property sales dropped...

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