You are here

China property investment slows further

Revenue from property sales drops 8.9% in January-September period while new construction falls 9.3%

HELP FOR BUYERS: China in late September cut mortgage rates and downpayment levels for some homebuyers for the first time since the 2008/09 global crisis.


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...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to