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17 Jan
09:28

China’s property sector records a tough 2023

On 17 January, the National Bureau of Statistics (NBS) reported disappointing results for the real estate industry in 2023, with most indicators weakening in December last year as well, Kallanish learns. Annual investment lost 9.6% year-on-year to CNY 11.09 trillion ($1.55 trillion), implying December investment at CNY 686.8 billion, down 15.4% month-on-month and 24% y-o-y. Compared with originally-published data in 2022 however, the on-year decline in annual inve…
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