Growth in real estate investment in China finished June well above the pace seen a year prior but the latest reading still reflected a more marked slowdown than in previous months.
Investment in real estate development in the first six months of 2018 grew 9.7 per cent in the six months through June, solidly higher from the 8.7 per cent rate seen a year prior but 0.5 percentage points lower from the year through May.
That also reflected the largest slowdown so far in 2018 and came before a July announcement from China Development Bank that the policy lender was tightening loan approvals for a subsidy programme that has channelled about $1tn to homebuyers since 2016.
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