China's property investment to grow less rapidly this year: report

Beijing

CHINA'S investment in the property sector will likely expand at a slower pace in 2017 as Beijing looks to curb speculation, while infrastructure spending is expected to maintain a double-digit growth, state media cited a government adviser as saying.

Li Wei, president of the State Council's Development Research centre, made the comments over the weekend at a seminar, the China Economic Daily reported on Sunday. Mr Li also said China's exports would likely resume positive growth this year, as commodity prices stabilise and the impact of an appreciation in the US dollar gets gradually absorbed.