logo
The hidden numbers dragging down China's economy

The hidden numbers dragging down China's economy

Shanghai | Hong Kong | Land sales across smaller and less wealthy Chinese cities have fallen to their lowest levels since at least 2011, highlighting the bleak prospects for a full recovery across a national real estate market mired in a slowdown.
Data from financial information provider Wind shows the total value of all land transactions in third-tier mainland Chinese cities, as ranked by population and economic development, fell 4 per cent to 362 billion yuan ($77 billion) in the first half of this year on the same period last year, despite a slight rise in sales for residential use.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store