The Chinese property sector experienced a disappointing beginning of 2024
China's Jan-Feb realestate development investment fell by 9.0% y/y to 1.184 trillion yuan.
Jan-Feb residential housing sales areas tumbled 20.5% y/y to 1.137 trillion square meters, and the total sales plummeted by 29.3% y/y to 1.05 trillion yuan.
Developing funds in place fell 24.1% y/y to 1.62 trillion yuan.
Sentiment 92.13
Jan-Feb residential housing sales areas tumbled 20.5% y/y to 1.137 trillion square meters, and the total sales plummeted by 29.3% y/y to 1.05 trillion yuan.
Developing funds in place fell 24.1% y/y to 1.62 trillion yuan.
Sentiment 92.13
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imaginative Otter_ya : @spinee I thought China Vanke is supported by the goverment, Shenzhen Municipal?
73791170 : Extremely counterproductive, not surprising