Oct
20
China Construction Slows, in Potential Sign of Turn in Property
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Construction sector output rose 6% on year in third quarter
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Real estate services led growth while financial sector lagged
China’s construction growth slowed in the third quarter, signaling that developers might have turned more cautious toward a property market seen at risk of becoming a bubble.
Construction output rose 6 percent from a year earlier in the quarter, the National Bureau of Statistics said Thursday. That was down from 7.3 percent in the second quarter, and marked a second straight period of slower growth…
China Construction Slows, in Potential Sign of Turn in Property