Technical Analysis
Data from China today indicated that property investment fell its most in more than 20 yrs
As part of this data here:
Adding in now on the property sector:
- property investment January-November fell 9.8% y/y, prior (January – October) was -8.8%
This is the fastest drop in more than 20 years.
More:
- Property sales by floor area dropped 23.3% in January-November y/y (prior -22.3%)
- New construction starts measured by floor area -38.9% y/y Jan-Nov (prior -37.8%)