BEIJING: Property investment in China in the first quarter slid 9.5 per cent from a year earlier, compared with a 9.0 per cent fall in the January-February period, suggesting the sector has some way to go before a solid turnaround is likely to emerge.
Property sales by floor area in January-March logged a 19.4 per cent slide from a year earlier, compared with a 20.5 per cent fall in January-February, National Bureau of Statistics (NBS) data showed on Tuesday (Apr 16).
China has been ramping up measures to reinvigorate its fragile property sector including allowing state banks to lend to qualified property projects after a crackdown on developer leverage led to a snowballing liquidity crisis.
