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18 Sep
10:11

China’s property industry struggles in August

China’s property industry continued to struggle in August, despite on-month improvements in completions and sales by area due to government stimulus measures, Kallanish learns. Year-to-date investment has continued to see its year-on-year decline expand further, to 8.8% from 5.7% at the beginning of the year, according to a National Bureau of Statistics monthly report. This implies August investment at CNY 918.3 billion ($125.9 billion), rebounding just 0.2%…
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