The Strategist

China increases real estate investments

12/18/2019 - 08:58

China's investment in real estate development grew by 10.2% year on year for the first 11 months of the year, which is slightly lower than 10.3% in the first ten months, the National Bureau of Statistics of China said.

The total investment in real estate over the specified period amounted to 12.13 trillion yuan (about $ 1.7 trillion), the bureau said. Investments in residential construction grew by 14.4% year-on-year to 8.92 trillion yuan in the first 11 months of the year, with a growth rate slowdown of 0.2 percentage points relative to the first 10 months of the year.

Sales of commercial housing in terms of floor space amounted to 1.49 billion square meters from January to November. In the first 11 months, sales of commercial housing in terms of cash value grew 7.3% to 13.9 trillion yuan.


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