NBS: China's Jan-Nov FAI drops 2.6%, property investment slumps by larger 15.9% YoY

China's fixed asset investment (FAI) dropped by 2.6% on year to Yuan 44.4 trillion ($6.3 trillion) during January-November, according to the latest release from the National Bureau of Statistics (NBS) on December 15. The result further expanded the 1.7% on-year decline logged during the first ten months and touched a three-year low, Mysteel’s tracking showed.

Within the total, the cumulative funding for the country's property sector over the first eleven months registered Yuan 7.86 trillion, contracting by a significant 15.9% compared to the year-ago level. Over January-November, the tertiary industry still attracted the most funding among the three major economic sectors, with total investment reaching Yuan 27.3 trillion. However, the sector's appeal for investors is waning, while the