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12 Aug
10:10

China real estate activity slows further in July

China’s real estate market continued to see growth weaken in July after a boost in investment drove activity at the start of the year, the latest National Bureau of Statistics data shows. The data fits with declining steel demand estimates but has still not been enough so far to derail price increases, Kallanish notes. Real estate sales were up 26.4% year-on-year over the first seven months of the year at 757.6 million square metres, although the growth ra…
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