China's Property Investment Rose 10.9 % in First Half; Yicai Chief Economists' Poll Was Right
Tang Shihua
DATE:  Jul 15 2019
/ SOURCE:  yicai

(Yicai Global) July 15 --  China's investment in real estate development grew 10.9 percent to  CNY6.16 trillion (USD895.7 billion) in the first half of this year,  according to official data. The number was in line with Yicai Global's  survey with chief economists.

Investment in the sector  rose 11.2 percent for the first five months of the year, the National  Bureau of Statistics released today. The growth was 9.7 percent in the  same period of last year. 

Results from an Yicai  Global survey of 22 chief economists at major Chinese financial  institutions had predicted, on average, that investment in the field will expand 10.86 percent in the first half.

Editor: Emmi Laine

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Keywords:   Economic Data,National Bureau of Statistics,First Half,Property Investment