Nov property sales +12% y/y vs +15.3% y/y in Oct Nov new construction starts +4.1% vs +3.5% in Oct
BEIJING, Dec 15 (Reuters) - China’s November property investment grew at a slower pace, as regulators stepped up scrutiny on the most leveraged and largest developers in the sector.
Real estate investment in November rose 10.9% from a year earlier, easing from 12.7% growth seen in October but still at an elevated pace, according to Reuters calculations based on data from the National Bureau of Statistics on Tuesday.
The property market, a key driver of China’s growth, quickly regained strength after coronavirus restrictions were lifted, with home prices and investment growing at a robust pace in recent months.
Good grain harvest lifts nation s supplies--China Economic Net
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