Investment in Real Estate Drops by 6.2% YoY from January to April
2023-07-17
On May 16, the National Bureau of Statistics released basic information regarding China’s real estate industry nationwide from January to April, 2023. According to the statistics, in these first four months, China saw a total real estate development investment of RMB 3.5514 trillion (about US$ 501.34 billion), falling by 6.2% year on year; further analysis shows that investment in residential apartments came to RMB 2.7072 trillion (about US$ 382.17 billion), decreasing by 4.9%.
