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China property investment growth cools in October, sales decline accelerates

Reuters  |  BEIJING 

BEIJING (Reuters) - China's October property sales and new construction starts fell in October as the property market cooled from a two-year boom in the face of a tighter liquidity environment and a crackdown on riskier lending. Real estate investment growth also cooled in October, in line with expectations, as the government looks to engineer a soft landing for the property sector amid a gradual slowdown in China's economy. Real estate, which directly affects 40 other business sectors in China, is a crucial driver for the economy but also poses a major risk as Beijing looks to tame ...

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First Published: Tue, November 14 2017. 14:10 IST
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