Investment in Real Estate Development in China Decreases in 2023

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Investment in Real Estate Development in China Decreases in 2023

A customer is looking at a model of a property at a real estate sales center in Hangzhou, Zhejiang Province, China, on January 17, 2024. On the same day, the National Bureau of Statistics released data showing that in 2023, the national real estate development investment amounted to 110.913 billion yuan, a decrease of 9.6% from the previous year; of this total, the investment in residential buildings was 8,382 billion yuan, down 9.3%. (Photo by Costfoto/NurPhoto)


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