In the first quarter, mainland property sales fell 5.2 per cent year on year in value and 3.8 per cent in terms of volume. Photo: Reuters

Housing 'correction' threatens broader mainland economy

Slowdown in property investment will increase pressure on the central government to relax its housing policy to avoid meltdown in the sector

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In the first quarter, mainland property sales fell 5.2 per cent year on year in value and 3.8 per cent in terms of volume. Photo: Reuters
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