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Cooling home sales has dampened real....>

CHINA PRESS
MNI (London)
CHINA PRESS: Cooling home sales has dampened real estate developers' willingness
to invest in new projects, the 21st Century Business Herald reported Wednesday,
citing data released by the National Bureau of Statistics.
- The indicator, a gauge of developers' new investment intentions, recorded
still strong 34.2% y/y growth from January to October, slowing 1.7pp from the
Jan-Sept period, the NBS data showed, according to the paper.
- New investment intentions in 17 cities -- mainly tier 1 and 2 cities in East
China including Guangzhou and Shenzhen -- recorded negative growth, while the
main cities in Middle and Western China saw buoyant growth, the newspaper said.
(Link to the story: https://bit.ly/2FLKOof)
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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