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China property investment falls 16.3%, sales plunge by 40%

New construction starts measured by floor area were also much weaker, falling 44.9 per cent in January-February year on year, compared with a 7.4 per cent gain in December.


PROPERTY investment in China fell at its fastest pace on record in the first two months of the year, as home sales, construction and other economic activity all nosedived due to the novel coronavirus outbreak, data showed on Monday.

Real estate investment, which mainly...

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