China Q1 property investment speeds up
Published by Joseph Green,
Editor
World Cement,
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.
Edited from source by Joseph Green. Source: Reuters
Read the article online at: https://www.worldcement.com/asia-pacific-rim/19042016/china-q1-property-investment-speeds-931/
You might also like
The World Cement Podcast - Mannok's decarbonisation mission
In this episode of the World Cement Podcast, Paul Monaghan, Head of Sustainability at Mannok, joins Senior Editor, David Bizley, to explore Mannok’s acquisition by Çimsa, the company’s approach to sustainability and decarbonisation, and the unique challenges and opportunities posed by operating on the island of Ireland
Tune in to the World Cement Podcast on your favourite podcast app today.
