China real estate investment, 10.5% increase from January to September, sales slightly decreased

[Beijing 18th Reuters]-According to data released by the Chinese National Bureau of Statistics, real estate investment in January-September increased by 10.5% from the previous year, and the growth rate was the same as in January-August. .

January-September real estate sales (floor area basis) decreased 0.1%. January-August was down 0.6%.

China's real estate market is strong, and it has become a driving force in the economy as domestic manufacturing and exports are sluggish due to the prolonged US-China trade war.

However, the government says that there are no plans to expand stimulus measures for the real estate market, and it is unclear whether the market will remain firm in the future.

In July this year, the Communist Party's Central Political Bureau announced that it would strengthen its efforts to support the economy, such as stimulating demand. However, he suggested not to take short-term stimulus measures using the real estate market, but to promote consumption expansion and investment stabilization in the manufacturing sector.