For now, Beijing is expected to tolerate the property investment boom as it could help growth. Photo: AFPFor now, Beijing is expected to tolerate the property investment boom as it could help growth. Photo: AFP
For now, Beijing is expected to tolerate the property investment boom as it could help growth. Photo: AFP

Shenzhen leads the way as China turns to property investment frenzy to boost growth

  • Investment into real estate development in Shenzhen surged 17.0 per cent from a year earlier in the first five months of 2020
  • Property investment in Shanghai also expanded 3.7 per cent in the first five months of the year, reversing a fall of 2.9 per cent in the January-April period
Topic |   China economy
For now, Beijing is expected to tolerate the property investment boom as it could help growth. Photo: AFPFor now, Beijing is expected to tolerate the property investment boom as it could help growth. Photo: AFP
For now, Beijing is expected to tolerate the property investment boom as it could help growth. Photo: AFP
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