China 2023 H1 Real Estate Invest Decline

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China 2023 H1 Real Estate Invest Decline

YANTAI, CHINA - JULY 8, 2023 - Residential and real estate projects under construction in Yantai, Shandong province, China, July 8, 2023. On July 17, 2023, the National Bureau of Statistics released the basic situation of the national real estate market in the first half of 2023, showing that in the first half of the year, the national real estate development investment was 5,855 billion yuan, down 7.9% year-on-year; Among them, the investment in residential housing was 4,443.9 billion yuan, down 7.3%. (Photo by Costfoto/NurPhoto)


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