BEIJING (Reuters) – Property funding in China fell at a sooner tempo in January-Might, dropping 7.2% from the identical interval a yr earlier, official information confirmed on Thursday, including to considerations concerning the outlook for the world’s second-biggest financial system.
The determine in contrast with a 6.2% annual decline in January-April.
Property gross sales by flooring space declined 0.9%, versus a 0.4% fall within the first 4 months, in keeping with information from the Nationwide Bureau of Statistics (NBS).
New building begins measured by flooring space fell 22.6%, after a 21.2% drop within the first 4 months.
Funds raised by China’s property builders had been down 6.6% after a 6.4% slide in January-April.
(Reporting by Liangping Gao, Ella Cao and Ryan Woo; Modifying by Kim Coghill and Tom Hogue)
