China Q1 property investment growth slows to 8.5 pct y/y

April 15, 2015 2:18 AM

58 0

April 15 (Reuters) - Growth in China's real estate investment eased to 8.5 percent in the first quarter from a year earlier as developers made clearing inventory their priority amid a housing glut.

Property sales volume dropped by 9.2 percent from the year-earlier period, narrowing from a 16.3 percent decline in January to February.

Also read: Kia to invest $1.1 billion to build its first India factory

Read more

To category page