(MENAFN) While official curbs continued to cool an overheated property market, China's real estate investment growth retreated in July, confirming expectations of another slowing in H2 of the year.
The new construction starts measured by floor area contracted for the first time since last September, declining 7% in July from a year ago, comparing to 14% increase in June.
According to the National Bureau of Statistics (NBS), rough property purchases have been effectively controlled as the overheated property market has cooled somewhat, adding that the housing market should be able to maintain stable growth.
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