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16 Sep
08:46

China’s real estate industry suffers in August

The decline in Chinese property investment showed no sign of slowing in August. In response to the continuous downturn, more and more cities across the country chose to ease restrictions on purchasing houses, Kallanish observes. The latest data from the National Bureau of Statistics show that China’s combined real estate investment was down 7.4% on-year at CNY 9.08 trillion ($1.29 trillion) over January-August. This implies August investment was at CNY …
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