BEIJING (Reuters) – Property investment in China fell 10.3% in the first ten months of 2024 from a year earlier, after dropping 10.1% in January-September, National Bureau of Statistics (NBS) data showed on Friday.
Property sales by floor area in January-October fell 15.8% from a year earlier, versus a 17.1% drop in January-September.
New construction starts measured by floor area declined 22.6% on year, after a 22.2%% drop in the first nine months.
Funds raised by China’s property developers were down 19.2% from a year earlier after a 20.0% fall in January-September.
(Reporting by Ella Cao, Liangping Gao and Ryan Woo; Editing by Himani Sarkar)
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