New housing starts for the first three quarters of the year fell 4.5 per cent from a year ago just as China’s overall economic growth fell to a worse-than-expected 4.9 per cent in the third quarter. Photo: Reuters
New housing starts for the first three quarters of the year fell 4.5 per cent from a year ago just as China’s overall economic growth fell to a worse-than-expected 4.9 per cent in the third quarter. Photo: Reuters
China GDP

China’s property, construction sectors contract as Evergrande crisis, tougher regulation hit home

  • Output in the real estate and construction industries shrank 1.6 per cent and 1.8 per cent respectively in the third quarter of 2021
  • Effects of Beijing’s crackdown on overheated property market and a debt crisis at country’s biggest developer have started to ripple through the economy

Topic |   China GDP
New housing starts for the first three quarters of the year fell 4.5 per cent from a year ago just as China’s overall economic growth fell to a worse-than-expected 4.9 per cent in the third quarter. Photo: Reuters
New housing starts for the first three quarters of the year fell 4.5 per cent from a year ago just as China’s overall economic growth fell to a worse-than-expected 4.9 per cent in the third quarter. Photo: Reuters
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