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CHINA: Property Investment Decline Continues Showing Challenges Ahead. 

CHINA
EM BulletAPACChinaEmerging Market NewsBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
  • Despite some better-than-expected data today, the shadow of the property sector decline continues to hang over the China economy.
  • Property investment YTD declined -10.1% in September, from -10.2% in August.
  • This represents the fifth successive month that investments declined by 10% or more.
  • New home sales by value declined -24% YoY.
  • New property sales by area declined -17.1% YoY.
  • New property construction declined -22.2% YoY.
  • The policies announced this quarter aimed at halting this decline will take sometime to impact the data.
  • Today’s release shows the gravity of the challenges ahead. 
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  • Despite some better-than-expected data today, the shadow of the property sector decline continues to hang over the China economy.
  • Property investment YTD declined -10.1% in September, from -10.2% in August.
  • This represents the fifth successive month that investments declined by 10% or more.
  • New home sales by value declined -24% YoY.
  • New property sales by area declined -17.1% YoY.
  • New property construction declined -22.2% YoY.
  • The policies announced this quarter aimed at halting this decline will take sometime to impact the data.
  • Today’s release shows the gravity of the challenges ahead.