NBS: China’s Q1 property FAI grows faster at 11.8% yoy

China’s fixed asset investment in the domestic property market rose by 11.8% year on year to Yuan 2.38 trillion ($355.2 billion) over January-March, though the rate of growth was only 0.2 percentage point higher from that during January-February, according to the latest data from China’s National Bureau of Statistics published on April 17.
Within the total, investment into residential housing during January-March accounted for 72.5% of the total property FAI at Yuan 1.73 trillion, which was higher by a large 17.3% on year, the NBS data showed. Of all key indicators, the total area of new housing where construction is starting reached some 387


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