China's property investment up 4.4 pct in 2021

Xinhua
17 Jan 2022, 12:35 GMT+10

BEIJING, Jan. 17 (Xinhua) -- China's investment in property development rose 4.4 percent year on year in 2021, data from the National Bureau of Statistics (NBS) showed Monday.

Last year, the property investment stood at around 14.76 trillion yuan (about 2.32 trillion U.S. dollars), NBS data showed.

Compared with the same period in 2019, property investment climbed 11.7 percent, putting the two-year average at 5.7 percent, NBS data showed.

Investment in residential buildings went up 6.4 percent from 2020 to nearly 11.12 trillion yuan in 2021.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Breaking Property News.

More Information

null in null

Business

Section

Wall Street diverges, but techs advance Wednesday

NEW YORK, New York - U.S. stocks diverged on Wednesday for the second day in a row. The Standard and Poor's 500 hit a new all-time...

Greenback slides amid tax bill fears, trade deal uncertainty

NEW YORK CITY, New York: The U.S. dollar continues to lose ground, weighed down by growing concerns over Washington's fiscal outlook...

Taliban seeks tourism revival despite safety, rights concerns

KABUL, Afghanistan: Afghanistan, long associated with war and instability, is quietly trying to rebrand itself as a destination for...

Nvidia execs sell $1 billion in stock as AI boom drives record prices

SANTA CLARA, California: Executives at Nvidia have quietly been cashing in on the AI frenzy. According to a report by the Financial...

Tech stocks slide, industrials surge on Wall Street

NEW YORK, New York - Global stock indices closed with divergent performances on Tuesday, as investors weighed corporate earnings, central...

Canada-US trade talks resume after Carney rescinds tech tax

TORONTO, Canada: Canadian Prime Minister Mark Carney announced late on June 29 that trade negotiations with the U.S. have recommenced...

Construction

Section