(Source: Financial Times)

China’s real estate investment grew 4.1 per cent in the first quarter from a year earlier, the National Bureau of Statistics said on Monday, suggesting a significant pickup in capital spending in the sector in March.

Property investment in urban areas grew just 1.0 per cent in January and February from a year earlier, meaning the growth in March would have to have been much stronger in order to bring the figure for the full quarter up to 4.1 per cent.

Read the full article “Chinese real estate shows strong growth” in the Financial Times (April 13, 2009).

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