Property investment in China extended its decline in the first five months, dropping 16.2 percent compared with the same period last year after falling 13.7 percent in January-to-April, official data showed on Tuesday.
Property sales by floor area fell 10.8 percent year-on-year in January-May, after a 10.2 percent decline in the first four months.
New construction starts measured by floor area tumbled 22.6 percent, after diving 22.0 percent in the January-to-April period.
Funds raised by property developers dropped 19.0 percent, following an 18.4 percent slide in January-April.
Reuters