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
