Slide in China property sales eases to -1.6% in October

Beijing

GROWTH in China real estate investment slowed further in the first 10 months of 2014, but property sales showed some signs of improvement, indicating Beijing's efforts to boost the ailing sector may be starting to have an effect.

Property investment, which affects more than 40 other sectors from cement to furniture, grew at its slowest pace in more than five years between January to October, rising 12.4 per cent from the same period a year ea…