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16 May
15:21

China’s April property indicators fall across the board

Official indicators of China’s real estate industry fell across the board in April on both month-on--month and year-on-year bases. Completions were the only figure which remained higher y-o-y despite a decrease compared with the prior month, Kallanish notes. The whole industry invested CNY 3.55 trillion ($509 billion) over January-April this year, which was 6.2% lower y-o-y, according to the National Bureau of Statistics (NBS). The figure implies April inves…
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