Posted inChina

China’s property down cycle worsened by lockdowns

China’s investment in real estate development declined while property developers’ contract sales fell significantly last month as the country’s property markets were seriously affected by virus outbreaks and city lockdowns. Investment in property development dropped 10.1% to 1.14 trillion yuan (US$169 billion) in April from 1.27 trillion yuan a year ago, the National Bureau of […]