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China’s property investment up 22.8 pct in Jan-Feb

Posted on 11 March 2013

Investment in China’s property sector rose 22.8 percent year on year to 667 billion yuan (106.2 billion U.S. dollars) in the first two months, the National Bureau of Statistics (NBS) announced Saturday.
The growth rate was 5 percentage points lower than the same period last year, but up 6.6 percentage points from the pace for all of 2012, the NBS said in a statement on its website. In the first two months, investment in residential housing registered an increase of 23.4 percent from the same period last year, up 12 percentage points from the pace of 2012………………………………………..Full Article: Source


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