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China's real estate development investment down 19.9% in Jan-Aug
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According to data released by China's National Bureau of Statistics (NBS), national real estate development investment totaled 4.7979 trillion yuan in the first eight months of the year, representing a year-on-year decline of 19.9%. Within this total, residential investment amounted to 3.7017 trillion yuan, down 19.7% compared to the same period last year. The figures reflect a continued contraction in China's property sector, which has been under pressure from regulatory tightening, developer debt issues, and weak demand. The NBS report provides a key indicator of the ongoing downturn in one of China's most important economic sectors, with investment levels falling sharply as the government maintains its stance on curbing speculative activity and stabilizing the market.
Source report
Beijing – According to the National Bureau of Statistics, China's real estate development investment totaled 4.7979 trillion yuan in the first eight months of the year, representing a year-on-year decline of 19.9%.
Within this total:
- Residential investment reached 3.7017 trillion yuan, down 19.7% year on year.
Source
金十数据Neutral / independent