Property investment in China fell in the first quarter to 12 per cent of GDP, with new home starts down more than 25 per cent. Photo: Reuters
Property investment in China fell in the first quarter to 12 per cent of GDP, with new home starts down more than 25 per cent. Photo: Reuters

China builds rebalancing on weakness in real estate

Government needs to absorb investment-driven bad debts to avoid a crash in property sector

Property investment in China fell in the first quarter to 12 per cent of GDP, with new home starts down more than 25 per cent. Photo: Reuters
Property investment in China fell in the first quarter to 12 per cent of GDP, with new home starts down more than 25 per cent. Photo: Reuters
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