Real estate investment in China rose at the quickest clip in two years and growth in floor space sold sped up in the first two months of 2017, even as growth in total sales value decelerated, according to the Financial Times. Investment in real estate development for the January-February period rose 8.9% compared to a year earlier. That’s a jump of 2 percentage points from December’s level and the highest growth reading since the same period in 2015. Sales growth for new housing in the first two months of 2017 came to 140.5m square meters, a year-on-year rise of 25.1% and up 2.6 percentage points from the pace seen in the 12 months ended December. In value terms, however, sales totaled just over Rmb1.08tn ($156.2bn), reflecting growth of 26% for the period and an 8.8 percentage-point deceleration from the 12-months ended December.
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