BEIJING (Reuters) – Actual property funding in China fell 10.4% within the first 11 months of 2024 from a 12 months earlier, after falling 10.3% in January-October, information reveals of the State Bureau of Statistics (BES) printed on Monday.
Actual property gross sales by flooring space in January-November fell 14.3% year-on-year, in comparison with a 15.8% decline in January-October.
New building begins as measured by flooring space fell 23.0% year-over-year, following a 22.6% decline within the first 10 months.
Funds raised by Chinese language actual property builders fell 18.0% year-on-year, following a 19.2% drop in January-October.
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