Caixin Global – Latest China News & Headlines

Home >


CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

Ping An-Affiliated Fintech Firm OneConnect Raises Capital from New Share Sale As It Eyes Global Expansion
Pompeo Hints At ‘Broader’ Ban on Chinese Apps After Trump’s Executive Orders Targeting TikTok and WeChat
Trending in China: Merchants and Netizens Forced to Pick Sides in Fight Between Delivery Firms
Baidu-Backed Video Streamer iQiyi Probed by U.S. Regulator After Short Seller’s Report
AI Unicorn SenseTime Is Said to Mull Hong Kong, China IPO
Huawei Copies Korean Rivals by Manufacturing Own Display Driver Integrated Chips
JOYY’s Livestreaming Revenue Up 40% in Second Quarter of 2020
Trending in China: ‘Mukbangs’ Under Fire in China Amid High Level Food Waste Campaign
Trending in China: How Will the Chinese Diaspora Survive a WeChat Ban In U.S.?
Online Platform Buys into Bricks and Mortar Convenience Store Chain
China Unicom Profits Rise in First Half, Stock Soars
ByteDance in Talks with Indian Conglomerate Over TikTok Amid Layoff Fears
Alibaba’s Zhang Yong Tops 2020 Forbes China Best CEOs List
Trending: Family Feud Raises Big Questions Over Succession in China’s Multi-Million “Family” Businesses
Shanghai-Listed Foxconn Internet’s Cloud Service Sales Up 4% in First Half of 2020
U.S.-Listed Chinese Companies Nio and Huya Have Something to Cheer About
Apple Edges Huawei Out of No. 1 in Quarterly Tablet Shipments
Chinese Finance Platform Lufax Files for U.S. IPO of up to $3 Billion
China Mainland Leads U.S. in Fortune Global 500 Companies But Trails in Profitability
Trending in China: Tencent – Fighting Youth Unemployment or Enemy of Older Workers?
China’s Property Investment Growth Slows

By Liu Jiefei / Jun 14, 2019 04:13 PM / Economy

Photo: VCG

Photo: VCG

Investment in real estate development rose 11.2% year-on-year in the first five months this year, down from an 11.9% increase in the first four months, official data showed Friday.

Investment in residential property development, which accounts for more than 70% of investment in property development, rose 16.3% year-on-year in the same period, down from 16.8% growth in the first four months, according to data released by the National Bureau of Statistics (NBS).

China’s fixed-asset investment excluding investment by rural households — a key driver of domestic demand — grew 5.6% year-on-year in the first five months this year, the slowest pace since the first nine months in 2018, NBS data showed. The reading was down from 6.1% growth in the first four months of this year, and missed the median forecast of a 6.1% increase from a Bloomberg News survey of economists. 

Government-driven infrastructure investment rose 4% year-on-year in the first five months, down from 4.4% growth in the first four months.

Value-added industrial output, which measures production at factories, mines and utilities, increased 5% year-on-year in May, down from a 5.4% increase in the month before. The reading was the lowest since February 2002, when growth stood at 2.7%.

Meanwhile, retail sales, which include spending by governments, businesses and households, increased 8.6% year-on-year last month, rebounding from a 7.2% rise in April.

Get the full story on Caixin Global later today.

Related: Lackluster Economic Data Amid Trade Tensions Fuel Stimulus Expectations

Contact reporter Liu Jiefei (

Share this article
Open WeChat and scan the QR code