[photopress:Chinarealestate.jpg,full,alignright]We are talking big figures here. China invested RMB1.46 trillion ($182.6 billion) in real estate development in the first 10 months of this year. The latest statistics of the National Bureau of Statistics (NBS) show this is an increase of 24.1 percent year on year.
It is not quite — 0.2 percentage points lower — as much growth as in the first nine months of the year but still massively increasing taken year on year.
Investments in commodity residential housing went 28.4 percent year on year. In the end of October, about 122.41 million square meters of commodity housing were vacant, a year-on-year increase of 9.3 percent.