{"id":13888,"date":"2023-04-18T03:02:53","date_gmt":"2023-04-18T03:02:53","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/chinas-q1-property-investment\/"},"modified":"2023-04-18T03:04:28","modified_gmt":"2023-04-18T03:04:28","slug":"chinas-q1-property-investment","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/chinas-q1-property-investment\/","title":{"rendered":"China’s Q1 property investment falls 5.8% year-on-year"},"content":{"rendered":"

(Correct to add percentage indicator in headline)<\/p>\n

BEIJING (Reuters) – China’s property investment fell 5.8% from a year earlier in the first three months of 2023, from a 5.7% decline in January-February, official data showed on Tuesday.<\/p>\n

Property sales by floor area declined 1.8% year-on-year in the first quarter of the year, versus a 3.6% fall seen in the first two months, according to data from the National Bureau of Statistics (NBS).<\/p>\n

New construction starts measured by floor area fell 19.2% in January-March from a year earlier, after a 9.4% drop in the first two months.<\/p>\n

Funds raised by China’s property developers slumped 9.0% year-on-year in the first three months, after a 15.2% slump in January-February.<\/p>\n

China’s property sector, once a key driver of the world’s second-largest economy, has been hit by a regulatory crackdown on developers’ high debt levels, which led to stalled housing projects and homebuyers boycotting mortgage repayments.<\/p>\n

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(This story has been refiled to add percentage indicator in the headline)<\/p>\n

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(Reporting by Ella Cao, Liangping Gao and Ryan Woo; Editing by Sam Holmes)<\/p>\n

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(Correct to add percentage indicator in headline) BEIJING (Reuters) – China’s property investment fell 5.8% from a year earlier in the first three months of 2023, from a 5.7% decline in January-February, official data showed on Tuesday. Property sales by floor area declined 1.8% year-on-year in the first quarter of the year, versus a 3.6% […]<\/p>\n","protected":false},"author":8,"featured_media":13889,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1213],"tags":[1223],"class_list":["post-13888","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-business","tag-updated"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3H01Q-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/13888","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=13888"}],"version-history":[{"count":3,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/13888\/revisions"}],"predecessor-version":[{"id":13915,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/13888\/revisions\/13915"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/13889"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=13888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=13888"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=13888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}