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China's Q1 property investment accelerates, defying curbs
But policymakers expect moderation from April following the latest cooling measures in March
At least 50 Chinese cities have slapped on tougher cooling measures to limit price gains since mid-March, after Beijing's harsh curbs that hiked downpayment ratios for second homes to as much as 80%.
PHOTO: REUTERS
Beijing
REAL estate investment in China remained robust in the first quarter from a year earlier, official data showed on Monday, as the pace of new construction quickened, despite intensified government cooling measures.
Growth in property investment, which includes residential,
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