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

April 15, 2015 2:18 AM

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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: Orders for U.S. Capital Goods Decline by Most Since February

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