Funds raised by China's property developers were down 6.4%
year-on-year in the first four months, after a 9.0% slump in
January-March.
(Reporting by Liangping Gao, Ella Cao and Ryan Woo; Editing by
Shri Navaratnam)
BEIJING, May 16 (Reuters) - China's property investment
fell at a faster pace, down 6.2% from a year earlier in the
first four months of 2023, from a 5.8% decline in January-March,
official data showed on Tuesday.
Property sales by floor area declined 0.4% year-on-year in
the first four months of the year, versus a 1.8% fall seen in
the first three months, according to data from the National
Bureau of Statistics (NBS).
New construction starts measured by floor area fell 21.2% in
January-April from a year earlier, after a 19.2% drop in the
first three months.
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