China's January–June real estate investment falls 18% year-on-year

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China's National Bureau of Statistics announced on the 15th that real estate investment from January to June fell 18% compared with the same period last year. The decline widened from a 16.2% drop in the January–May period. Real estate sales by floor area decreased 11.6%, new construction starts fell 23.4%, and funds raised by property developers were down 20.2%. All of these declines deepened from the January–May figures.

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