Investment in real estate increases
China’s investment in property development expanded 10.2 percent year-on-year in the first five months of this year, the National Bureau of Statistics said on Thursday. The growth was slightly slower than 10.3 percent in the January-April period. Investment in real estate development stood at 4.1 trillion yuan ($650 billion) in the first five months, according to the NBS. Residential real estate investment reached 2.9 trillion yuan, up 14.2 percent year-on-year. Investment grew fastest in the northeastern region at 19.9 percent, up 9.2 percentage points from the January-April period.
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