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Urgent: China's property investment slows pace

Xinhua, August 12, 2015 Adjust font size:

China's property investment continued to lose steam in the first seven months of this year, fresh evidence of the headwind facing the industry, the National Bureau of Statistics (NBS) said Wednesday.

Real estate investment rose 4.3 percent year on year to 5.26 trillion yuan (830.9 billion U.S. dollars) in the Jan.-July period, with the growth rate 0.3 percentage point lower than that registered in the first half of this year, the NBS said. Endi