China January-May Housing Sales Rise 5.1% but Property Investment Continues to Slow
SHANGHAI–China’s housing sales in the first five months of the year rose 5.1% year-over-year, a reversal from the 2.2% decline recorded in the first four months as lower borrowing costs and relaxed mortgage requirements lured home buyers back into the market. Housing sales in January to May totaled 2.07 trillion yuan ($333 billion), according to … Read more