Login

Reload

Remember me Forgot it?

Not a subscriber?

Click on the button below to create your account and get immediate access to Xinhua Silk Road Database.

Start a Free Trial

Subscribe

Belt & Road Weekly Subscription Form

Research Report

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Economy

HOME > Economy


China's property investment up 11.6 pct in first 2 months

March 14, 2019


Abstract : China's real estate investment increased 11.6 percent year on year in the first two months of this year, the National Bureau of Statistics (NBS) said Thursday.

BEIJING, March 14 (Xinhua) -- China's real estate investment increased 11.6 percent year on year in the first two months of this year, the National Bureau of Statistics (NBS) said Thursday.

The growth was faster than the 9.5-percent expansion recorded in 2018.

The total property investment in the first two months amounted to 1.2 trillion yuan (about 180.3 billion U.S. dollars), with 72.1 percent used in residential buildings, the NBS said.

In the January-February period, the investment in residential buildings surged 18 percent year on year to 871.1 billion yuan, 4.6 percentage points faster than the pace in 2018, according to the NBS.

During the same period, China's real state developers built buildings of 6.75 billion square meters in floor area, an increase of 6.8 percent year on year.

Commercial housing sales measured by floor area came in at 141 million square meters in the first two months, down 3.6 percent year on year, with the sales in value exceeding 1.28 trillion yuan, up 2.8 percent from a year earlier.


Related Coverage

Focus

Think Tank

  • 'Make in India' and 'Made in China' not zero-sum gam...

    March 1, 2019

    The success "Make in India" initiative will not only be conducive to the de...

  • The fledgling Greater Bay Area needs ‘affable guida...

    February 28, 2019

    From the examples of three bay areas, namely New York, San Francisco and Tok...

  • Economy can resist external pressure

    February 28, 2019

    China is capable of dealing with any pressure because it is committed to dee...

  • Household debt ratio not a cause for concern

    February 26, 2019

    For many families, the mortgage payment to household income ratio is unreaso...

  • Ask Us A Question

    If you have any questions, please enter them in the box below.

    Reload

    Write to Us

    Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

    Click on the button below to create your account and get imhttp://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

    Start a Free Trial