Reuters are reporting that China’s property investment growth quickened to 6.2% in the first three months of 2016, as national sales growth accelerated to near three-year high.
Area of property sold in Q1 rose 33.1%, compared to 28.2% in the first two months of 2016, the highest since May 2013.
The growth in real estate investment, a major driver of the economy which affects more than 40 other sectors including cement, was up from an increase of 3% in the January - February period.
China's largest commercial developer Dalian Wanda Commercial Properties did announce last month however that it would scale back investment and construction in third and fourth-tier cities because of oversupply.
New research suggests that China may reach peak greenhouse gas emissions by 2025 or even earlier, which would increase global chances of keeping warming within the agreed limit.
As part of the new 2014 – 20 National Plan to Cope With Climate Change, the Chinese government will limit carbon dioxide emissions from the steel and cement industries.
According to reports, a national carbon market – the biggest in the world – could be in place in China by 2018, subsequent to the completion of the seven pilot schemes currently ongoing.