(Yicai Global) Jan. 18 -- China's investment in real estate jumped 7 percent in 2020 from the year before, exceeding analysts’ expectations, according to the latest data.

Investment in properties amounted to CNY14.14 trillion (USD2.2 billion) in 2020, the National Bureau of Statistics announced.

Chief economists surveyed by Yicai Global had predicted a rise of 6.91 percent.

Over 1.7 billion square meters of residential and commercial properties were sold last year.

Editor: Kim Taylor