Real-estate investment in China continued to decline in the first seven months of the year, as the property sector remained stuck in the doldrums.
Property investment for the January to July period dropped 6.4% from a year earlier, accelerating from the 5.4% decline marked in the first half of the year, according to data released by the National Bureau of Statistics on Monday.
Home sales by volume, a key indicator of demand, fell 31.4% from a year earlier in the first seven months of 2022. That compares with the 31.8% decrease recorded in the January to June period.
New construction starts measured by floor area dropped 36.1% in the January to July period, widening from the 34.4% fall logged in the first six months of the year.
Write to Singapore editors at si**************@do******.com
The U.S. market closing above its 200-day moving average isn't a significant bullish measure.
Dow Jones Newswires is a market-moving financial and business news source, used by wealth managers, institutional investors and fintech platforms around the world to identify trading and investing opportunities, strengthen advisor-client relationships and build investor experiences. Learn More.
Visit a quote page and your recently viewed tickers will be displayed here.
About Author
