China's property investment falls 15.9pc y/y in January-November

Property investment in China fell 15.9 percent year-on-year in the first 11 months, widening from the 14.7 percent drop in the January-to-October period, official data showed on Monday.

Property sales by floor area declined 7.8 percent year-on-year, after falling 6.8 percent in the first 10 months.

New construction starts measured by floor area dropped 20.5 percent year-on-year, compared with a 19.8 percent fall in January to October.

Funds raised by property developers in the first 11 months were down 11.9 percent, after a 9.7 percent drop in the first 10 months.

REUTERS