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China's 2022 property investment falls for first time since 1999
Published on: 2023-01-18
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China's property investment fell 10.0% year-on-year in 2022, the first decline since records began in 1999, compared with a decline of 9.8% in the first 11 months of the year, official data showed on Tuesday.
 

Property sales by floor area dropped 24.3% in 2022 from the same period a year earlier, the most since the data became available in 1992,compared with a fall of 23.3% during January-November, according to data from the National Bureau of Statistics (NBS).
 

New construction starts measured by floor area declined 39.4% year-on-year in 2022, versus a 38.9% slump in the first 11 months of the year.
 

Funds raised by China's property developers slumped 25.9% on year, after tumbling 25.7% in January-November.
 

Chinese authorities have rolled out a flurry of support policies targeting homebuyers and property developers in recent weeks, to relieve a long-running liquidity squeeze that has hit developers and delayed the completion of many housing projects.
 

去年房地产开发投资下降10%,为1999年来首次下降

2022年房地产业经济数据全面走低,其中全国房地产开发投资下降10%,为1999年以来首次下降。
 

房地产销售方面,2022年全国商品房销售面积比上年下降24.3%,其中住宅销售面积下降26.8%。

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