The good news is the real estate market has improved, if only slightly.
In April, the national real estate climate index halted its 10-month-long month-on-month decline, rising slightly by 0.02 percentage points.
From January to April, commercial building floor space sales nationwide increased by 17.5% compared with the same period last year and 9.3 percentage points higher than the first quarter.
Zhang Liqun, research fellow with the Department of Macroeconomic Research of the Development Research Center of the State Council, believes that current relevantly rapid growth of domestic consumption indicates the abundant follow-up energy to fuel the Chinese economy.
On the other hand, Chinese exports dropped by 22.6% year-on-year in April, with the rate of decrease continuing to accelerate.
However, against that, according to an analysis based on workday averages done by the General Administration of Customs, exports increased by 6.9% in April compared with the export volume of the previous month, keeping the month-on-month upward trend since March.
Windows of China reports the shrinkage of foreign demand is curbing the pace of China’s economic recovery.