China’s property investment plummeted to a 15.9% year-on-year decline in the first 11 months, a widening drop from the previous period.
Property sales and new construction starts also continued to decrease, alongside a significant fall in funds raised by developers.
New Construction Starts showed at –20.5% Y/Y Fixed-Asset Investment: –2.6% Y/YProperty Investment: –15.9% Y/YFunds Raised by Real Estate Developers: –11.9% Y/Y
Urban area unemployment rate 5.10%
same as October, 5.10%
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Earlier:
China debt crackdown pushes LGFVs into costly shadow loans, reviving hidden-risk worriesUSTR Greer calls for smaller, balanced China trade and tighter USMCA enforcementChina November new house prices -0.4% m/m and -2.4% y/y
This article was written by Eamonn Sheridan at investinglive.com.