(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
