China's statistics bureau said Wednesday investment in real-estate development totaled CNY1.334 trillion in the January-April period, up 34.3% from a year earlier.
At the same time . . .
China's commercial realty boosted by property crackdown?
There are lots of people who want to buy apartments as an investment who can`t. But they can buy commercial properties. So we are seeing a surge of money coming from what we believe is the residential investors into the commercial sector," Alastair Hughes, Asia-Pacific CEO of the firm told CNBC.
And meanwhile . . .
China's industrial output, inflation slowdown in April
Consumer inflation eased modestly to 5.3% in April from a 32-month high in March of 5.4%. The outcome topped expectations but still underlined the view that price pressures are peaking and may start to ease in the second half of 2011.
Industrial output rose 13.4% from a year earlier, but that was more than a full percentage point below both expectations and a strong pace in March. Retail sales growth eased more than expected while annual increases in money supply and outstanding yuan loans hit their lowest pace in 29 months, signs that measures to slow the economy are starting to bite.