China's property investment up 0.7 pct in Q1-Xinhua

China's property investment up 0.7 pct in Q1

Source: Xinhua

Editor: huaxia

2022-04-18 12:04:15

Aerial photo taken on Feb. 17, 2020 shows buildings under construction in Nanguan District of Changchun City, northeast China's Jilin Province. (Xinhua/Zhang Nan)

BEIJING, April 18 (Xinhua) -- China's investment in property development rose 0.7 percent year on year in the first quarter of 2022, data from the National Bureau of Statistics (NBS) showed Monday.

During the period, property investment stood at around 2.78 trillion yuan (about 435.44 billion U.S. dollars), NBS data showed.

Investment in residential buildings went up 0.7 percent year on year to about 2.08 trillion yuan in the January-March period. 

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