World Economy

China Property Investment Up

China Property Investment UpChina Property Investment Up

China’s property sector continued to show signs of improvement as investment in the sector rose 7.2% in the first four months of this year, according to the National Bureau of Statistics, Asia First reported. The growth in April followed a 6.2% gain in Q1, with property sales jumping 36.5% in the first four months, higher than the 33.1% gain in Q1 in floor terms. Investment in residential housing grew 6.4% in the January-April period. The NBS added that property sales revenue surged 55.9% in the first four months, compared with the 54.1% gain seen in Q1.