Logo 16 Jul 2024

Property sector woes continue in June

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Shocker: China's property sector is still in a profound funk.
According to the stats bureau’s (NBS) monthly data for the sector, published Monday:

New investment in the sector slumped 10.1% y/y in June, a slight improvement over May's 11% decline.
New construction starts were down 21.7% y/y last mo...