In the January-March period this year, total real estate investments in China amounted to RMB 1.7720 trillion ($258.3 billion), down 11.2 percent year on year, 0.1 percentage point faster than the decline recorded in the January-February period, as announced by China's National Bureau of Statistics (NBS).
In the given period, new commercial real estate sold in China covered a total area of 195.25 million m2, down 10.4 percent year on year, 3.1 percentage points slower than the decline recorded in the first two months.
In the first three months, the total area covered by construction activity in China declined by 11.7 percent year on year, while the new area covered by construction activity decreased by 20.3 percent year on year.
