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By Liu Zhiqiang China's GDP reached 28.5 trillion yuan (about $4.14 trillion) in the first three months this year, up 4.5 percent year-on-year or an increase of 2.2 percent compared with the fourth quarter of 2022, according to data released by the China's National Bureau of Statistics (NBS) on Tuesday,April…
China's property market expectations are improving with first-home interest rates going down and bank lending accelerating, ThePaper reported on Thursday.
It's true that the completion of some housing projects has been delayed, but work on most of the projects is progressing smoothly and housing units will be handed over to the homebuyers on time, said Fu Linghui, spokesman for the National Bureau of Statistics and director of the bureau's Department of Comprehensive Statistics, during a news conference this week.
Despite delays in delivery of some housing projects, most homes under construction continue to be built and are progressing toward timely delivery; and with various measures for the industry's revival taking effect, real estate will maintain its stability, said an official with the National Bureau of Statistics on Monday.
The world's second-largest economy expanded by 0.4% in the second quarter, compared with a year ago. Read more at straitstimes.com.