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BEIJING May 15 Real estate investment in China
rose 9.3 percent in the first four months of 2017 from a year
earlier, official data showed.
The pace of investment growth accelerated from 9.1 percent
in the first quarter, the National Bureau of Statistics (NBS)
said on Monday.
New construction starts measured by floor area were up 11.1
percent in the first four months of the year, compared with a
11.6 percent rise in the first three months, the NBS data
Property sales measured by floor area grew 15.7 percent in
January-April from the same period a year earlier, down from
19.5 percent in the first three months of the year.
Real estate investment, which directly affects 40 other
business sectors in China, is considered a crucial driver for
the economy. But some analysts expect increasingly stringent
cooling measures will eventually drag on investment and dampen
(Reporting by Kevin Yao; Editing by Eric Meijer)