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China’s real estate investments down 10.4 percent in January-November

Tuesday, 17 December 2024 11:25:12 (GMT+3)   |   Shanghai

In the January-November period this year, total real estate investments in China amounted to RMB 9.3634 trillion ($1.3 trillion), down 10.4 percent year on year, as announced by China's National Bureau of Statistics (NBS).  

In the given period, new commercial real estate sold in China covered a total area of 861.18 million m2, down 14.3 percent year on year.      

The total area covered by construction activity in China in the given period declined by 12.7 percent year on year. The new area covered by construction activity decreased by 23.0 percent year on year in the given period.      

The real estate development prosperity index in November this year stood at 92.62, up from 92.49 recorded in October. 


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