China’s Property Investment Slides Further as Housing Recovery Staggers

What’s new: China’s real estate investment shrank at a faster pace in May, underscoring the industry’s struggle as a market recovery loses stream.

Investment in the property sector declined 7.2% in the first five months, widening a 6.2% drop recorded in the January-to-April period, according to the National Bureau of Statistics (NBS). Investment in residential projects plunged 6.4% during the first five months, worse than the 3.9% drop in the first four months, data showed.