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17 May
03:58

China’s real estate indicators plunge across the board

After a passable March when companies aimed to boost Q1 results, China's real estate data accelerated their decline in April, highlighting the continued difficulties of the industry, according to a monthly report released by the National Bureau of Statistics (NBS) on 17 May. Over January-April, the industry invested CNY 3.09 trillion ($428 billion), which was down 9.8% “based on comparable caliber” data. However, the decline is 12.9% if the figure …
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