bust

 

Am i the only guy that will be happy to see china fail miserably ........after how they treat people animals.......... and the world ........their macho insecure .......... stupid ....... alpha male bollocks ........they are so dishonest ........it's coming back to bite them in the ass......... 



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China's Jan-July property investment falls at fastest pace since March 2020

FILE PHOTO: Residential buildings under construction in Shanghai

BEIJING (Reuters) - China's property investment in January-July fell 6.4% from a year earlier, the fastest pace since March 2020, and more than the 5.4% decline in the first half of the year, official data showed on Monday.

Property sales by floor area tumbled 23.1% from a year earlier in the first seven months, after a 22.2% slump in January-June, according to data from the National Bureau of Statistics.

In annual terms, new construction starts measured by floor area fell 36.1% in January-July, compared with 34.4% in the first six months.

For January-July, funds raised by China's property developers dropped 25.4% from the same period a year earlier, after a 25.3% decline in the first six months.

China's property market, which accounts for roughly a quarter of the economy, is in a slump as some cash-strapped developers default on loans and bond repayments while homebuyers threaten to boycott mortgage repayments due to unfinished homes.

(Reporting by Liangping Gao and Kevin Yao; Editing by Jacquel



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