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1st LD: China's Jan.-April property investment up 6 pct

Xinhua, May 13, 2015 Adjust font size:

Investment in China's property sector rose 6 percent year on year to 2.37 trillion yuan (387.25 billion U.S. dollars) in the first four month of the year, the National Bureau of Statistics announced Wednesday.

The figure dropped from the 8.5 percent-increase seen in the first quarter, indicating lingering weakness in the sector.

In the Jan-April period, investment in residential housing posted an increase of 3.7 percent from the same period last year to 1.59 trillion yuan.

Sales of commercial housing fell 4.8 percent year on year to 263.85 million square meters the first four months. Endi