China property slump continues to continue

Article Date : 11 December 2008

Construction of homes, offices and factories in China fell at least 16.6% in October after rising 32.5% a year earlier. Building is the biggest driver of China’s expansion, contributing a quarter of fixed- asset investment and employing 77 million people. The central bank has cut its key interest rate by the most in 11 years and the...

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Article provided by China Economic Review.
Read the full article here: http://www.chinaeconomicreview.com/realestate/2008/12/12/china-property-slump-continues-to-continue.html

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China property slump continues to continue

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