China’s September property investment resilient, buoyed by new construction

“BEIJING (Reuters) – China’s property investment stayed buoyant in September, boosted by a rise in new construction activity, underlining hopes that resilience in the sector will help cushion a broader slowdown in the world’s second-largest economy” writes Midwest Communications Inc for Property investment is a significant growth driver for China.For the first three quarters, property investment also grew 10.5% on year, compared with a 9.9% uptick in the same period last year and 10.5% in the first eight months.Property investment in September grew 10.5% from year earlier, unchanged from the pace of growth in August, according to Reuters calculations based on National Bureau of Statistics (NBS) data on Friday.

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